Assesses the entry, exit, and mobility of firms in the context of industrial organization's traditional framework by reviewing prior research (which increased in the 1990s as a result of the availability of new datasets). In this analysis, the term turnover is used to encompass firm entry and...

Some of the most conspicuous and intriguing international differences in institutions lie in the control, ownership, and integration of enterprises. It is widely accepted that Coase's classic questionWhy does the boundary between the firm and the market fall where it does?is answered by...