Consumer inertia, firm growth and industry dynamics

被引：23

作者：

Fishman, A

Rob, R

机构：

[1] Univ Penn, Dept Econ, Philadelphia, PA 19104 USA

[2] Bar Ilan Univ, Dept Econ, Ramat Gan, Israel

来源：

JOURNAL OF ECONOMIC THEORY | 2003年 / 109卷 / 01期

关键词：

consumer inertia; customer loyalty; search cost; firm growth; entry and exit; R&D; firm size distribution;

D O I：

10.1016/S0022-0531(02)00035-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop a model of firm size, based on the hypothesis that consumers are "locked in," because of search costs, with firms they have patronized in the past. As a consequence, older firms have a larger clientele and are able to extract higher profits. The equilibrium of this model yields: (i) A downward sloping density of firm sizes. (ii) Older firms are less likely to exit than younger firms. (iii) Larger firms spend more on RD. (C) 2003 Elsevier Science (USA). All rights reserved.

引用

页码：24 / 38

页数：15

共 18 条

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[Anonymous], 1989, HDB IND ORG

[2]

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