The DOI matches its Crossref record.
The Evolution of New Industries and the Determinants of Market Structure
Abstract
Several empirical regularities concerning firm growth rates and industry firm-size distributions have been developed by studying primarily mature industries. The primary purpose of this article is to bring together and extend empirical regularities on the evolution of new industries and to use these regularities to gain further insight into the forces governing industry evolution. To explain these regularities, a model is constructed which emphasizes how factors governing the early evolution of industries may shape their market structure at maturity. It stresses how chance events and exogenous factors that influence the number of potential entrants to the industry, the growth rate of incumbents, and the ease of imitation of industry leaders will influence the ultimate number and size distribution of firms in the industry.
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Citations
Cited by
Teece, D. J. (2007) · Strategic Management Journal · doi:10.1002/smj.640 · Cited by 16,825
Drnevich, P. L., & Kriauciunas, A. P. (2011) · Strategic Management Journal · doi:10.1002/smj.882 · Cited by 681
Innovating big tech firms and competition policy: favoring dynamic over static competition
Petit, N., & Teece, D. J. (2021) · Industrial and Corporate Change · doi:10.1093/icc/dtab049 · Cited by 109
Metadata
- Authors
- Klepper, S., & Graddy, E.
- Venue
- The RAND Journal of Economics
- Publisher
- Wiley
- Published
- 1990
- Volume
- 21
- Issue
- 1
- Pages
- 27
- ISSN
- 0741-6261 (ISSN-L)
- OpenAlex
- W2008371481
- Cited by
- 798
- References
- 0
- FWCI
- 15.15
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
