Evolution of Market Structure in High Technology Industries
Title | Evolution of Market Structure in High Technology Industries PDF eBook |
Author | J. Sutton |
Publisher | |
Pages | |
Release | 1997 |
Genre | Economics |
ISBN |
Corporate Vision and Rapid Technological Change
Title | Corporate Vision and Rapid Technological Change PDF eBook |
Author | Jas Gill |
Publisher | Routledge |
Pages | 297 |
Release | 2002-03-11 |
Genre | Business & Economics |
ISBN | 1134874758 |
This book examines the role of strategic visions of future technological development in the evolution of market structure. This perspective offers a novel way of resolving some of the puzzles that have arisen in understanding the effects of rapid technology change and market structure. Strategic visions are seen to play a central role in corporate strategy, and industrial policy. The authors develop some theoretical tools to study these questions, and present 5 case studies of high technology industries, with conclusions for policy. The book will be of interest to industrial economists concerned with the effects of rapid technological change, and to those interested in technology management. It will also be of interest to economists and others working in high technology industries, and in government.
The Development of High Technology Industries
Title | The Development of High Technology Industries PDF eBook |
Author | Michael J Breheny |
Publisher | Routledge |
Pages | 286 |
Release | 2018-03-22 |
Genre | Business & Economics |
ISBN | 1351268988 |
This book, originally published in 1988, reviews the development of high technology industries at global and selected national and local levels, providing a unique insight into reasons for and consequences of such modern industrial development. It appraises government policies for assisting the development of this sector and focuses on the fact that high tech industry tends to be concentrated in particular regions of countries which attain the status of 'successful populations'. High technology industry seems to offer little benefit to declining manufacturing areas and the book offers explanations for these regional concentrations and assesses the likely consequences.
Technology and Market Structure
Title | Technology and Market Structure PDF eBook |
Author | John Sutton |
Publisher | MIT Press |
Pages | 700 |
Release | 2001-01-26 |
Genre | Business & Economics |
ISBN | 9780262692649 |
John Sutton sets out a unified theory that encompasses two major approaches to studying market, while generating a series of novel predictions as to how markets evolve. Traditionally, the field of industrial organization has relied on two unrelated theories—the cross-section theory and the growth-of-firms theory—to explain cross-industry differences in concentration and within-industry skewness. The two approaches are based on very different mathematical structures and few researchers have attempted to relate them to each other. In this book, John Sutton unifies the two approaches through a theory that rests on three simple principles. The first two, a "survivor principle" that says that firms will not pursue loss-making strategies, and an "arbitrage principle" that says that if a profitable opportunity is available, some firm will take it, suffice to define a set of possible outcomes. The third, the "symmetry principle," says that the strategy used by a new entrant into any submarket depends neither on the entrants identity nor on its history in other submarkets. This allows researchers to bring together the roles of strategic interactions and of independence effects. The result is that the considerations motivating the cross-section tradition and those motivating the growth-of-firms tradition both drop out within a single game-theoretic model. This book follows Sutton's Sunk Costs and Market Structure, published by MIT Press in 1991.
Evolving Technology and Market Structure
Title | Evolving Technology and Market Structure PDF eBook |
Author | Arnold Heertje |
Publisher | University of Michigan Press |
Pages | 374 |
Release | 1990 |
Genre | Business & Economics |
ISBN | 9780472101924 |
A detailed analysis of Schumpeter's legacy and the impact of his thought on both theory and empirical work
International High-technology Competition
Title | International High-technology Competition PDF eBook |
Author | Frederic M. Scherer |
Publisher | Harvard University Press |
Pages | 220 |
Release | 1992 |
Genre | Business & Economics |
ISBN | 9780674458451 |
Innovation, comparative advantage, and R & D competition; Case study evidence on R&D reactions; Imports, exports, and intra-industry trade; R&D reactions to import competition.
Innovation and Industry Evolution
Title | Innovation and Industry Evolution PDF eBook |
Author | David B. Audretsch |
Publisher | MIT Press |
Pages | 236 |
Release | 1995 |
Genre | Business & Economics |
ISBN | 9780262011464 |
It once took two decades to replace one-third of the Fortune 500; now a subset of new firms are challenging and displacing this elite group at a breathtaking rate, while armies of startups come and go within just a few years. Most new jobs are, in fact, coming from small firms, reversing the trend of a century. David Audretsch takes a close look at the U.S. economy in motion, providing a detailed and systematic investigation of the dynamic process by which industries and firms enter into markets, either grow and survive, or disappear. He shapes a clear understanding of the role that small, entrepreneurial firms play in this evolutionary process and in the asymmetric size distribution of firms in the typical industry.Audretsch introduces the large longitudinal database maintained by the U.S. Small Business Administration that is used to identify the startup of new firms and track their performance over time. He then provides different snapshots of the process of industries in motion: why new-firm startup activity varies so greatly across industries; what happens to these firms after they enter the market; the extent to which entrepreneurial firms account for an industry's economic activity and why that measure varies across industries; how small firms compensate for size-related disadvantages; and who exits and why.Audretsch concludes that the structure of industries is characterized by a high degree of fluidity and turbulence, even as the patterns of evolution vary considerably from industry to industry. The dynamic process by which firms and industries evolve over time is shaped by three fundamental factors: technology, scale economies, and demand. Most important, the evidence suggests that it is the differences in the knowledge conditions and technology underlying each specific industry -- key elements in innovation -- that are responsible for the pattern particular to that industry.