Steven Klepper

Submarkets and the Evolution of Market Structure

Regularities concerning how entry, exit, market structure, and innovation vary from the birth of technologically progressive industries through maturity are summarized. A model emphasizing...

Peter Thompson, Steven Klepper

We construct a model of industry evolution in which the central force for change is the creation and destruction of submarkets. Firms expand when they are able to exploit new opportunities that...

The Making of an Oligopoly: Firm Survival and Technological Change in the Evolution of the U.S. Tire Industry

Steven Klepper, Kenneth L. Simons

The number of producers in the U.S. tire industry grew for 25 years and then declined sharply, and the industry evolved to be an oligopoly. The role of technological change in shaping the industry's...

Does the Profit Motive Make Jack Nimble? Ownership Form and the Evolution of the U.S. Hospital Industry

Sujoy Chakravarty, Martin Gaynor, Steven Klepper, William B. Vogt

We examine the evolving structure of the U.S. hospital industry since 1970, focusing on how ownership form influences entry and exit behavior. We develop theoretical predictions based on the model of...

Bounding the effects of measurement error in regressions involving dichotomous variables

Regressor diagnostics for the classical errors-in-variables model

Peter Thompson, Steven Klepper

Intra-Industry Spinoffs

A growing empirical literature on spinoff formation has begun to reveal some striking regularities about which firms are most likely to spawn spinoffs, when they are most likely to spawn them, and...

Water, Electricity and Cable Television: A Study of Contrasting Historical Patterns of Ownership and Regulation

Charles Jacobson, Steven Klepper, Joel A. Tarr

I. USA - "L'eau, l'électricité et la télévision par câble : Etude comparative des modèles historiques de propriété et de réglementation"

Charles Jacobson, Joël A. Tarr, Steven Klepper, Claire Beyeler

Consistent Sets of Estimates for Restricted Regressions with Errors in All Variables.

Klepper, Steven, Stapleton, David C

In the errors-in-variables model, positive semidefinite conditions on covariance matrices, together with sufficiently small prior limits on the severity of measurement error, imply that the set of...

Relative Price Changes in Recession: A Microeconometric Analysis of U.S. Manufacturing.

"Administered Pricing" or Competition Coupled with Errors of Measurement?

A Reprise of Size and R&D.

Time Paths in the Diffusion of Product Innovations.

Numerous studies have shown that, within industries, the propensity to perform R&D and the amount of R&D conducted by performers are closely related to the size of the firm, while R&D productivity...

Gort, Michael, Klepper, Steven

Symposium on Harrison's "Lean and Mean": A Technological Perspective.

The Tradeoff between Firm Size and Diversity in the Pursuit of Technological Progress.

Does the Profit Motive Make Jack Nimble? Ownership Form and the Evolution of the U.S. Hospital Industry

Sujoy Chakravarty, Martin Gaynor, Steven Klepper, William B. Vogt

We examine the evolving structure of the U.S. hospital industry since 1970, focusing on how ownership form influences entry and exit behavior. We develop theoretical predictions based on the model of...

Does the profit motive make Jack nimble? Ownership form and the evolution of the US hospital industry

Sujoy Chakravarty, Martin Gaynor, Steven Klepper, William B. Vogt

We examine the evolving structure of the US hospital industry since 1970, focusing on how ownership form influences entry and exit behavior. We develop theoretical predictions based on the model of...

Consistent Sets of Estimates for Regressions with Errors in All Variables.

Klepper, Steven, Leamer, Edward E

Extending the Classical Normal Errors-in-Variables Model.

Model occurrence and model selection in panel data sets

Poirier, Dale J., Klepper, Steven

The Anatomy of Industry R&D Intensity Distributions.

Industry shakeouts and technological change

Using firm data disaggregated by industry, the authors establish a set of regularities in the distribution of firm R&D intensities within manufacturing industries. The authors show how a simple...

Klepper, Steven, Simons, Kenneth L.

Entry, exit, and shakeouts in the United States in new manufactured products

Klepper, Steven, Miller, John H.

On the use of better measured proxies in regression analysis

On the diffusion of inconsistencies in linear regression

Firm Survival and the Evolution of Oligopoly

The Evolution of New Industries and the Determinants of Market Structure

After their commercial introduction, the number of producers of autos, tires, televisions, and penicillin initially grew and then experienced a sharp decline or shakeout. Guided by an evolutionary...

Steven Klepper, Elizabeth Graddy

Several empirical regularities concerning firm growth rates and industry firm-size distributions have been developed by studying primarily mature industries. The primary purpose of this article is to...

Firm Size and the Nature of Innovation within Industries: The Case of Process and Product R&D.

A Shop Floor View of Growth in Turn-of-the-Century Cleveland

The effect of firm size on the allocation of R&D effort between process and product innovation is examined. It is hypothesized that, relative to product innovations, process innovations are less...

A Shop Floor View of Growth in Turn-of-the-Century Cleveland

The Anatomy of Tax Evasion.

Klepper, Steven, Nagin, Daniel

The capabilities of new firms and the evolution of the US automobile industry

Employee Startups in High-Tech Industries.

Firms that diversify into new and existing industries typically outperform de novo entrants, but in some new industries diversifying firms are displaced by later-entering de novo firms. Little is...

Various theories that can account for employees leaving incumbent firms to start their own firms in the same industry are discussed. The theories are evaluated using evidence from three new and one...

Industry Life Cycles.