Firm Size, Innovation and Market Structure: The Evolution of Industry Concentration and Instability

Firm Size, Innovation and Market Structure: The Evolution of Industry Concentration and Instability

by Mariana Mazzucato
     
 

"The book begins by reviewing the connection between firm size, innovation and market structure from a theoretical and an empirical point of view, with emphasis on the 'complexity' that defines this relationship. It then goes on to build an evolutionary model which explores different Schumpeterian propositions regarding the positive and negative feedback between firm… See more details below

Overview

"The book begins by reviewing the connection between firm size, innovation and market structure from a theoretical and an empirical point of view, with emphasis on the 'complexity' that defines this relationship. It then goes on to build an evolutionary model which explores different Schumpeterian propositions regarding the positive and negative feedback between firm size and innovation as well as the role of idiosyncratic random events on industry market structure." "The concluding chapter uses 100 years in the history of the US automobile industry to explore the relationship between market share instability and stock price volatility and the degree to which this relationship is connected to industry specific factors." "This innovative new book will prove invaluable to researchers, lecturers and scholars of industrial organisation, technology and market structure."--BOOK JACKET.

Product Details

ISBN-13:
9781840643466
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
10/01/2000
Series:
New Horizons in the Economics of Innovation Series
Pages:
160
Product dimensions:
6.20(w) x 9.20(h) x 0.80(d)

Table of Contents

List of figures
List of tables
Acknowledgments
Introduction
1Firm-size dynamics: new ideas and dynamic methods1
2A computational model of economies of scale and market share instability: a deterministic analysis26
3The effect of idiosyncratic events on the feedback between firm size and innovation: a stochastic analysis67
4Market share instability and stock price volatility during the industry life-cycle: the US automobile industry93
Concluding statement119
Appendix123
Bibliography125
Index135

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