Browsing by Subject "L16"

Now showing items 1-3 of 3

The firm size distribution and inter-industry diversification

Hutchinson, John ; Konings, Jozef ; Walsh, Patrick P. (University College Dublin. Geary Institute, 2009-08)

We show that the stylized facts of the Firm Size Distribution (FSD) by age cohorts, as shown in Cabral and Mata (2003), bind within 4-digit manufacturing industries in the UK and Belgium. As in Klepper and Thompson (2006) ...
Industry dynamics over the business cycles

Bergin, James ; Bernhardt, Dan (Queen’s University. Department of Economics, 1996)

We develop a theoretical model of the dynamics of an industry over the business cycle. In the economy, both aggregate demand and the productivity of a firm's technology evolve stochastically. Each period, firms must choose ...
Industry dynamics with stochastic demand

Bergin, James ; Bernhardt, Dan (Queen’s University. Department of Economics, 2006-03)

We study the dynamics of an industry subject to aggregate demand shocks where the productivity of a firm’s technology evolves stochastically over time. Each period, each firm, given the aggregate demand shock, the productivity ...