Market share instability and stock price volatility during the industry life cycle: the US automobile industry

Mazzucato, Mariana and Semmler, Willi (2000). Market share instability and stock price volatility during the industry life cycle: the US automobile industry. In: Cantner, Uwe; Hanusch, Horst and Klepper, Steven eds. Economic Evolution, Learning and Complexity. Heidelberg: Physica Verlag, pp. 97–126.

Abstract

About the book: This book addresses central issues in evolutionary and Schumpeterian accounts of industrial competition, learning, and innovation. It contains a collection of twelve papers which are oriented toward exploring methodological issues in evolutionary and related scholarship. Reflecting the diversity of work in evolutionary scholarship, a range of methodologies are employed in the papers, including simulation, experiments, and econometric analysis. Some of the papers use well established models to takle new questions and problems. Others introduce entirely new approaches, which the authors indicate are still in a state of infancy and await further development. The collection attempts to raise even more interest in evolutionary economics, to provide some suggestions for future research directions, and to initiate a lively discussion of the issues raised.

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