Leapfrogging: Time of Entry and Firm Productivity

We develop a model in which ex ante identical firms make endogenous entry and technology adoption decisions. We show that this model is capable of matching the stylized facts in which entry and adoption are dispersed over time and that, in many industries, it is the newest firms which are the most l...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 11-2018)
Main Authors:	Ederington, Josh, Götz, Georg
Format:	Article
Language:	English
Published:	2018
Subjects:	Wirtschaft entry technology adoption Economics
Online Access:	PDF Full Text
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