The Life Cycle of the U.S. Tire Industry
October 2000
Article
pp 254-278.
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Introduces a theory of industry evolution and its application to the United States tire industry. Cause of the nonmonotonicity in firm numbers found in many young industries; Early stages of the industry life cycle; Effect of high unit cost and profit margins; Effect of declining unit cost and increasing competition; Model's explanation of the paths of output, price level and firm numbers.
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