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Author Klepper, S.; Simons, K.L. doi  openurl
  Title Industry Shakeouts and Technological Change Type Journal Article
  Year 2005 Publication (up) International Journal of Industrial Organization Abbreviated Journal  
  Volume 23 Issue 1-2 Pages 23-43  
  Corporate Author Thesis  
  Address Carnegie Mellon U; Rensselaer Polytechnic Institute  
  Keywords Production, Pricing, and Market Structure, Size Distribution of Firms (Concentration, Product Differentiation, Entry and Exit) (L110); Market Structure, Firm Strategy, and Market Performance: Oligopoly and Other Imperfect Markets, monopolistic competition, contestable markets (L130); Automobiles, Other Transportation Equipment (L620); Chemicals, Rubber, Drugs, Biotechnology (L650); Appliances, Other Consumer Durables (L680); Innovation and Invention: Processes and Incentives (O310); U.S.; Automobile; Entry; Exit; Innovation; Tire  
  Abstract We analyze the evolution of four new products that experienced an initial rise and then extreme shakeout in their number of manufacturers: automobiles, tires, televisions, and penicillin. Data on entry, exit, and innovation are collected for each product to test theories of industry shakeouts. Hazard analyses indicate that earlier entrants had persistently lower hazards during the shakeouts, which was related to their greater rates of innovation. Our findings suggest shakeouts are not triggered by particular technological or other events but are part of a competitive process in which the most able early entrants achieve dominant market positions through innovation.  
  Publisher Place of Publication Editor  
  Language Summary Language Original Title  
  Series Editor Series Title Abbreviated Series Title  
  Series Volume Series Issue Edition  
  ISSN 0167-7187 ISBN Medium  
  Area Expedition Conference  
  Notes Approved no  
  Call Number CMU @ sk3f @ Serial 6  
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