The Dynamics of Industrial Competition: A North American Perspective

by John R. Baldwin, Paul Gorecki, Richard E. Caves (Contribution by), Tim Dunne (Contribution by), John Haltiwanger (Contribution by)

Overview

The Dynamics of Industrial Competition provides the first extensive quantitative examination of the processes associated with competition: entry and exit, mergers, growth and decline of incumbent firms. It uses a unique data base to investigate phenomena that have rarely been measured and even more rarely set side by side so as to provide a comprehensive picture of the intensity of competition and its effects on productivity, efficiency and profitability. It will be of interest to all social scientists who are concerned with the workings of markets—economists, political scientists, government specialists, as well as antitrust lawyers.

Product Details

ISBN-13:	9780521465618
Publisher:	Cambridge University Press
Publication date:	03/31/1995
Pages:	482
Product dimensions:	6.30(w) x 9.25(h) x 1.22(d)

Table of Contents

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.

What People are Saying About This

From the Publisher

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

"...this pathbreaking study...sets out a new and compelling research agenda for understanding and analyzing industrial competition....By capturing the competitive process of firms and industries in motion, the author provides a new view of the organization of industries that boldly challenges the traditional view of static and stable industrial organization. Rather, Baldwin argues and compiles compelling evidence suggesting that change is the rule and stability the exception....John Baldwin has paved the way for future researchers..." Journal of Economic Litertature

Editorial Reviews

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

"...this pathbreaking study...sets out a new and compelling research agenda for understanding and analyzing industrial competition....By capturing the competitive process of firms and industries in motion, the author provides a new view of the organization of industries that boldly challenges the traditional view of static and stable industrial organization. Rather, Baldwin argues and compiles compelling evidence suggesting that change is the rule and stability the exception....John Baldwin has paved the way for future researchers..." Journal of Economic Litertature

From the Publisher