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Author (up) Klepper, S.; Simons, K.L. openurl 
  Title Technological Extinctions of Industrial Firms: An Inquiry into Their Nature and Causes Type Journal Article
  Year 1997 Publication Industrial and Corporate Change Abbreviated Journal  
  Volume 6 Issue 2 Pages 379-460  
  Corporate Author Thesis  
  Address Carnegie Mellon U; Royal Halloway, U London  
  Keywords Production, Pricing, and Market Structure, Size and Size Distribution of Firms (Concentration, Product Differentiation, Entry and Exit) (L110); Automobiles, Other Transportation Equipment (L620); Market Structure: Industrial Organization and Corporate Strategy (6110); Industry Studies--Manufacturing--Transportation Equipment (6314); U.S.; Automobile; Firm; Firms  
  Abstract After a buildup in the number of firms, new industries commonly experience a 'shakeout' in which the number of firms declines sharply. Three theoretical perspectives on how technological change contributes to industry shakeouts are analyzed. The theories are used to synthesize predictions concerning technological change and industry evolution. The predictions inform an analysis of four US industries that experienced sharp shakeouts: automobiles, tires, televisions and penicillin. Using data on firm participation and innovation from the commercial inception of the four products through their formative eras, we uncover regularities in how the products evolved. The regularities suggest that shakeouts are not triggered by particular technological innovations nor by dominant designs, but by an evolutionary process in which technological innovation contributes to a mounting dominance by some early-entering firms.  
  Publisher Place of Publication Editor  
  Language Summary Language Original Title  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 0960-6491 ISBN Medium  
  Area Expedition Conference  
  Notes Approved no  
  Call Number CMU @ sk3f @ Serial 11  
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