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American Economic Review: Vol. 102 No. 2 (April 2012)
AER Volume. 102, Issue 2 | 
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AER Forthcoming Articles
Information and Industry Dynamics
Article Citation
Dinlersoz, Emin M., and
Mehmet Yorukoglu. 2012. "Information and Industry Dynamics."
American Economic Review,
102(2): 884-913.
DOI: 10.1257/aer.102.2.884
DOI: 10.1257/aer.102.2.884
Abstract
This paper develops a model of industry dynamics where firms compete to acquire customers over time by disseminating information about themselves in the presence of random shocks to their efficiency. The properties of the model's stationary equilibrium are related to
empirical regularities on firm and industry dynamics. As an application of the model, the effects of a decline in the cost of information dissemination on firm and industry dynamics are explored. (JEL D11, D83, L11, L81, M37)
Article Full-Text Access
Full-text Article
Additional Materials
Download Data Set (28.43 KB) | Online Appendix (249.00 KB)
Authors
Dinlersoz, Emin M. (Center for Econimic Studies, US Census Bureau)
Yorukoglu, Mehmet (Central Bank of Turkey)
Yorukoglu, Mehmet (Central Bank of Turkey)
JEL Classifications
D11: Consumer Economics: Theory
D83: Search; Learning; Information and Knowledge; Communication; Belief
L11: Production, Pricing, and Market Structure; Size Distribution of Firms
L81: Retail and Wholesale Trade; e-Commerce
M37: Advertising
D83: Search; Learning; Information and Knowledge; Communication; Belief
L11: Production, Pricing, and Market Structure; Size Distribution of Firms
L81: Retail and Wholesale Trade; e-Commerce
M37: Advertising
