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Very Simple Markov-Perfect Industry Dynamics

Jaap H. Abbring, Jeffrey R. Campbell, Jan Tilly, Nan Yang

SSRN Electronic Journal · 2015 · 11 citations · 52 references

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References

52

Entry, Exit, and firm Dynamics in Long Run Equilibrium

Hugo A. Hopenhayn · Econometrica · 1992 · 2.9K citations

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Markov-Perfect Industry Dynamics: A Framework for Empirical Work

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Optimal Replacement of GMC Bus Engines: An Empirical Model of Harold Zurcher

John Rust · Econometrica · 1987 · 1.8K citations

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Patterns of Firm Entry and Exit in U.S. Manufacturing Industries

Timothy Dunne, Mark J. Roberts, Larry Samuelson · The RAND Journal of Economics · 1988 · 1.7K citations

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Finite state markov-chain approximations to univariate and vector autoregressions

George Tauchen · Economics Letters · 1986 · 1.6K citations

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