Explaining the shakeout process: a successive submarkets model
This paper explains contemporaneous exit and entry in a new industry with a diffusion process across submarkets. It allows a re-interpretation of the shakeout process in some industries in a novel way. The industry is a collection of initially inactive independent submarkets; the timing of their act...
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| Format: | Article |
| Language: | English |
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2009-03-13.
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| Online Access: | Get fulltext |