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The Life-Cycle of a Competitive Industry

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NBER1993-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4441
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Firm numbers first rise, and then fall as the typical industry evolves. This nonmonotonicity in the number of producers is explained in this paper using a competitive model in which innovation opportunities induce firms to enter, but in which a firm's failure to implement new technology causes it to
创建时间:
1993-08-01
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