Boyan Jovanovic and Peter L. Rousseau

30 Pages Posted: 12 Nov 2008

See all articles by Boyan Jovanovic

Boyan Jovanovic

New York University - Department of Economics

Date Written: February 2003

Abstract

We model merger waves as reallocation waves, and argue that mergers spread new technology in a way that is similar to that of entry and exit of firms. We focus on two periods: 1890-1930 during which electricity and the internal combustion engine spread through the U.S. economy, and 1971-2001 the Information Age.

Suggested Citation

Jovanovic, Boyan, Boyan Jovanovic and Peter L. Rousseau (February 2003). NYU Working Paper No. S-MF-03-03, Available at SSRN: https://ssrn.com/abstract=1300206

Boyan Jovanovic (Contact Author)

New York University - Department of Economics ( email )

19 w 4 st.
New York, NY 10012
United States

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