A Bayesian Test of the Product Life Cycle Hypothesis as Applied to the U.S. Demand for Color-TV Sets

Tsurumi, Hiroki; Tsurumi, Yoshi

doi:10.2307/2526354

Cited by 15 publications

(7 citation statements)

References 8 publications

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“…Tsurumi and Tsurumi (1980) found support for the PC by determining that the U.S. price elasticity of demand for color TV sets increased over time as U.S. consumers chose between domestic-and Japanese-produced color TV sets. Audretsch (1987) also found support by determining that growth industries tend to be more R&D oriented while mature industries allocate fewer resources to this activity.…”

Section: Introductionmentioning

confidence: 99%

The Dynamics of the “Mature” Product Cycle and Market Reycling, Flying‐geese Style: An Empirical Examination and Policy Implications

Cutler¹,

Ozawa²

2007

Contemporary Economic Policy

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The product cycle (PC) model of trade has led to an extensive theoretical literature examining the relations between the innovating North and the imitating South countries. Closely related is the flying-geese (FG) theory, which emphasizes the transfer of production from a higher developing South country to a lower developing country in search of lower production costs. This article explores empirically the time series pattern of TV exports from 10 Asian economies to the United States and examines policy implications. The observed pattern is consistent with both the PC and FG models in a combined form.

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Section: Introductionmentioning

confidence: 99%

The Dynamics of the “Mature” Product Cycle and Market Reycling, Flying‐geese Style: An Empirical Examination and Policy Implications

Cutler¹,

Ozawa²

2007

Contemporary Economic Policy

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“…2 For example, see Grant (1998, Chapter 10), Kotler (1999, Chapter 10), and Pisano and Wheelwright (1995) for a discussion of the existence of PLCs and its implications. For empirical evidence and testing of their existence and shape, see Bass (1969Bass ( , 1980, Brockhoff (1967), Kwoka (1996), Polli and Cook (1969) and Tsurumi and Tsurumi (1980). decision making insofar it is difficult to predict the various stages through which a product will go, as well as their duration.…”

Section: Introductionmentioning

confidence: 99%

Real Options With Unknown-Date Events

Arnáiz

Ruiz‐Aliseda

2006

SSRN Journal

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We study an oligopoly model of entry over the product life cycle based on empirical evidence of demand for a new product growing over time and eventually falling. Yet, we assume that firms do not know ex ante when this can occur, which creates incentives to update information by delaying irreversible entry. Our model distinguishes and explains different patterns of entry characterized by firms entering simultaneously and/or in a sequential fashion, with entry rates accelerating or decelerating under certain conditions related to the rate at which individual profit decreases as more firms enter the industry.

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Section: Introductionmentioning

confidence: 99%

Entry Patterns Over the Product Life Cycle

Arnáiz

Ruiz‐Aliseda

2006

SSRN Journal

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A Bayesian Test of the Product Life Cycle Hypothesis as Applied to the U.S. Demand for Color-TV Sets

Cited by 15 publications

References 8 publications

The Dynamics of the “Mature” Product Cycle and Market Reycling, Flying‐geese Style: An Empirical Examination and Policy Implications

The Dynamics of the “Mature” Product Cycle and Market Reycling, Flying‐geese Style: An Empirical Examination and Policy Implications

Real Options With Unknown-Date Events

Entry Patterns Over the Product Life Cycle

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