Creative Destruction: The Birth and Death of Firms
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Hugo Hopenhayn discusses his research on the factors that affect the entry and exit of firms in a market, as well as the reallocation of labor and other resources that results from this "creative destruction." Hopenhayn is a professor of economics at UCLA and a long-term consultant at the Federal Reserve Bank of Richmond. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2023/speaking_2023_05_17_birth_death_firms
Creative Destruction: The Birth and Death of Firms