MARC Record from Library of Congress

LEADER: 02113cam a22003257a 4500
001 2006619964
003 DLC
005 20060927090201.0
007 cr |||||||||||
008 060926s2006 enk sb 000 0 eng
010 $a 2006619964
020 $z0753020335
040 $aDLC$cDLC
050 00 $aHC10
100 1 $aBernard, Andrew B.,$d1963-
245 10 $aMulti-product firms and product switching$h[electronic resource] /$cAndrew B. Bernard, Stephen J. Redding and Peter K. Schott.
260 $aLondon :$bCentre for Economic Performance, London School of Economics and Political Science,$cc2006.
490 0 $aCEP discussion paper ;$vno. 736
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file (viewed on Sept. 26, 2006).
500 $a"August 2006."
530 $aAlso available in print.
520 3 $aThis paper examines the frequency, pervasiveness and determinants of product switching among U.S. manufacturing firms. We find that two-thirds of firms alter their mix of five-digit SIC products every five years, that one-third of the increase in real U.S. manufacturing shipments between 1972 and 1997 is due to the net adding and dropping of products by survivors, and that firms are more likely to drop products which are younger and have smaller production volumes relative to other firms producing the same product. The product-switching behavior we observe is consistent with an extended model of industry dynamics emphasizing firm heterogeneity and self-selection into individual product markets. Our findings suggest that product switching contributes towards a reallocation of economic activity within firms towards more productive uses.
504 $aIncludes bibliographical references.
653 $aHeterogeneous firms ;$aProduct differentiation ;$aProduct market entry and exit
700 1 $aRedding, Stephen.
700 1 $aSchott, Peter K.
710 2 $aLondon School of Economics and Political Science.$bCentre for Economic Performance.
856 40 $uhttp://cep.lse.ac.uk/pubs/download/dp0736.pdf