Patterns of Firm Entry and Exit in U.S. Manufacturing Industries.¶
Dunne, T., Roberts, M. J., & Samuelson, L. (1988). Patterns of Firm Entry and Exit in U.S. Manufacturing Industries. RAND Journal of Economics, 495-515.
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1 citation across 1 artifact.
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Primes¶
- Dispersion
- In finance, a cohort of investors who buy the same asset at the same time disperse in realized returns because their exit rules differ, and a cohort of firms founded in one year disperses in survival because each has its own growth-and-risk rate.
This sourceCohorts of firms entering together disperse in survival because each carries its own exit/failure hazard, with heterogeneity by entrant type.
- In finance, a cohort of investors who buy the same asset at the same time disperse in realized returns because their exit rules differ, and a cohort of firms founded in one year disperses in survival because each has its own growth-and-risk rate.
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