Resource title

Turbulence in high growth and declining industries

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image for OpenScout resource :: Turbulence in high growth and declining industries

Resource description

We examine turbulence over the product life cycle using the lowest possible level of industry aggregation, allowing for the use of panel data to study the evolution of single product markets. We find that replacement of exiting firms by subsequent entry plays a primary role in generating turbulence in high growth markets, while displacement of incumbents by recent entrants is the main selection force in declining markets. As product life cycles progress, trial-and-error entry subsides, and turbulence decreases.

Resource author

Rui Baptista, Murat Karaƶz

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25612

Resource license

Adapt according to the presented license agreement and reference the original author.