Interdependent Search and Industry Dynamics: on Ericson and Pakes (1995)

Kaniovski YM (1998). Interdependent Search and Industry Dynamics: on Ericson and Pakes (1995). IIASA Interim Report. IIASA, Laxenburg, Austria: IR-98-031

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Abstract

This argues about a central analytical inconsistency of Ericson and Pakes (1995). Notwithstanding the explicit claims of the article, the formal hypotheses employed there imply that the firm's investments do not affect both the evolution of this firm and the dynamics of the whole industry.

Item Type: Monograph (IIASA Interim Report)
Research Programs: Technological and Economic Dynamics (TED)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:10
Last Modified: 18 Nov 2016 19:16
URI: http://pure.iiasa.ac.at/5617

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