This theorem justifies using oblivious equilibria to analyze Markov perfect industry dynamics in Ericson and Pakes (1995 -style 1995 -style modelsirms.
At the very least, file swapping became the perfect industry excuse for the prolonged downturn in CD sales, whether it was the real cause or not.
The same is true in Hanoi, where the city authorities are battling to stop new housing and retail developments encroaching on historic buildings in the old quarter.For a young country that needs to find jobs for over a million people joining the workforce each year, tourism is the perfect industry because it creates employment at all levels, from master chef to bottle-washer.
"This is a perfect industry to be in," he says.
While the industry has evolved more slowly than many other sectors, this makes it the perfect industry for innovative thinkers.
Whether it's that they couldn't afford college, didn't get their start in the "perfect" industry, started out running their own small businesses or even may have run into trouble with the law when they were younger, unfortunately, in hiring, skilled candidates who have taken a different path can be overlooked by even the best businesses.
The weight-loss industry is a perfect industry for women.
The author observes: "It's the perfect industry for the '90s: Doesn't make a thing but money.
In some ways, utilities are the perfect industry to study to see how companies react to the business risks posed by climate change They are energy intensive, heavily regulated and demographically vast.
Ulrich Doraszelski and Mark Satterthwaite (2010) "Computable Markov-perfect industry dynamics", The RAND Journal of Economics, Vol. 41, No. 2 (Summer ';10), pp. 215-243 http://www.jstor.org/stable/40649298.jstor.org/stable/40649298
