• 1. Introduction; 2. Firm turnover: Greenfield entry and closedown exit; 3. Entry: exit and the merger process; 4. The rise and fall of incumbent; 5. Patterns of large and small-firm mobility; 6. Plant turnover in Canada and the United States; 7. Measures of market structure and the intensity of competition; 8. The relationship between mobility and concentration; 9. Turnover and productivity growth; 10. Merger success; 11. Turnover in domestic and foreign enterprises; 12. Industry efficiency and firm turnover; 13. Firm turnover and profitability; 14. Modeling entry; 15. Conclusion; Appendix A. Measuring firm turnover - methodology; Appendix B. Definition of concentration and mobility measures; Notes; References; Author index; Subject index.

"...this pathbreaking study...sets out a new and compelling research agenda for understanding and analyzing industrial competition...." Journal of Economic Literature