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.
Market Structure and Innovation
Title | Market Structure and Innovation PDF eBook |
Author | Morton I. Kamien |
Publisher | |
Pages | 266 |
Release | 1982-02-26 |
Genre | Business & Economics |
ISBN |
A survey of the market economy's performance in allocating resources to technical advance.
Sunk Costs and Market Structure
Title | Sunk Costs and Market Structure PDF eBook |
Author | John Sutton |
Publisher | MIT Press |
Pages | 600 |
Release | 1991 |
Genre | Business & Economics |
ISBN | 9780262193054 |
Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors.
Market Structure and Technological Change
Title | Market Structure and Technological Change PDF eBook |
Author | William Lee Baldwin |
Publisher | Psychology Press |
Pages | 194 |
Release | 2001 |
Genre | Industrial organization (Economic theory) |
ISBN | 9780415269339 |
This book provides a survey of the theory and of the empirical knowledge about the links between market structure and technological change.
Technology and Market Structure in a Theory of Exchange
Title | Technology and Market Structure in a Theory of Exchange PDF eBook |
Author | Scott J. Moss |
Publisher | |
Pages | 50 |
Release | 1979 |
Genre | |
ISBN |
Technology, Market Structure and the Gains from Trade
Title | Technology, Market Structure and the Gains from Trade PDF eBook |
Author | Giammario Impullitti |
Publisher | |
Pages | 0 |
Release | 2017 |
Genre | Competition |
ISBN |
Corporate Vision and Rapid Technological Change
Title | Corporate Vision and Rapid Technological Change PDF eBook |
Author | Jas Gill |
Publisher | Routledge |
Pages | 257 |
Release | 2002-03-11 |
Genre | Business & Economics |
ISBN | 1134874766 |
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.