subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent … entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and … the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by …

by a major hardware producer for consumer electronics. We observe input prices of firms, and all their moves in the entry …' entry decisions in the past. We find that instrumenting is particularly important for estimating the effect of competition …

by a major hardware producer for consumer electronics. We observe input prices of firms, and all their moves in the entry …' entry decisions in the past. We find that instrumenting is particularly important for estimating the effect of competition …

incorporates endogenous product selection within firms. Our findings suggest that product switching contributes to a reallocation …

industry dynamics emphasizing firm heterogeneity and self-selection into individual product markets. Our findings suggest that …