Submarkets and the evolution of market structure

By Steven Klepper, Peter Thompson. 2006

307 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/1a5a79af4dbc5cd7748aa134486900cd767e180d

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In Economics and Econometrics

Citations in the corpus

Creation and Pursuit of Entrepreneurial Opportunities: An Evolutionary Economics Perspective (2007, background): “Recent empirical work on both the U.S. and the German laser industries (Klepper and Sleeper, 2005; Klepper and Thompson, 2005; Buenstorf, 2005) has shown that in both countries, the emergence of new submarkets has enabled sustained increases in the number of active firms, with new entry having been…”
Investigating the Exponential Age Distribution of Firms (2010, background): “…that there are distinct periods of high entry and high exit at specific stages in the life cycle of some industries and submarkets (see for example Klepper and Thompson (2006) on the US laser industry, Guenther (2009) on the German machine tools industry, and Buenstorf and Klepper (2009) on the…”
Innovation and the evolution of industries (2006, background): “The presence of submarkets plays a role in affecting the growth and size distribution of firms within an industry, as Klepper and Thompson (2002) show for the laser industry.”
Evolution on the Shoulders of Giants: Entrepreneurship and Firm Survival in the German Laser Industry (2007, methodology): “Older firms on average produce more lasers types than younger ones, the number of laser types decreases before a firm exits the industry, and firms with broader product spectra are less likely to exit (Klepper and Thompson, 2005).”
Services, industry evolution, and the competitive strategies of product firms (2015, unknown): “Finally, it is worth noting that the pattern of firm entry and exit prescribed by lifecycle theory, despite being quite common, is not a universal feature of industry evolution (Klepper and Thompson, 2006).”
Understanding the Innovation Impacts of Public Procurement (2010, background): “Klepper and Thompson (2006) and Sutton (1998) centre their attention on the importance of submarkets and their role in explaining growth and concentration of industries.”
Incentives and uncertainty: an empirical analysis of the impact of demand on innovation (2008, unknown): “For instance, product innovation will serve new buyers (Klepper, 1996) and new submarkets (Klepper and Thompson, 2007) or yield profits via licensing (Klepper and Cohen, 1996B).”
Firm Size Distribution under Horizontal and Vertical R&D (2010, background): “This contrasts with the steady-state distributions derived in the literature (e.g., Thompson, 2001; Klette and Kortum, 2004; Klepper and Thompson, 2006; 4In fact, di erently from the standard expanding-variety literature, we allow for entry as well as exit also along the horizontal direction.”