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

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.

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Year of publication:	1998-08
Authors:	Kaniovski, Y.M.
Institutions:	International Institute for Applied Systems Analysis (IIASA)

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Extent:	application/pdf application/postscript
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005740134