Construct · 1 fields · 1 citations

Hopenhayn model: a standalone construct

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Industrial organization

a model of competitive industries in which firms face persistent productivity shocks and entry and exit continue in a stationary equilibrium, producing firm size and age distributions.

In industrial organization, Hopenhayn model refers to a model of competitive industries in which firms face persistent productivity shocks and entry and exit continue in a stationary equilibrium, producing firm size and age distributions. This meaning comes from Hopenhayn (1992) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

equilibrium4 fields · 4 citationsjingle · one word, four constructs face3 fields · 6 citationsjingle · one word, three constructs firm size3 names · 4 citationsjangle · how big, and why it matters, disputed

References

Hopenhayn, H. A. (1992). Entry, Exit, and firm Dynamics in Long Run Equilibrium. Econometrica, 60(5), 1127. https://doi.org/10.2307/2951541

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