Browsing College of Human Sciences by Subject "L16"

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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 ...