Technology and Market Structure: Theory and History / Edition 2

Technology and Market Structure: Theory and History / Edition 2

by John Sutton
     
 

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ISBN-10: 0262692643

ISBN-13: 9780262692649

Pub. Date: 01/26/2001

Publisher: MIT Press

Economists have traditionally taken two very different approaches to studying market structure. One looks to "industry characteristics" to explain why different industries develop in different ways; the other looks to the pattern of firm growth within a "typical" industry to describe the evolution of the size distribution of firms. In his new book, John Sutton sets

Overview

Economists have traditionally taken two very different approaches to studying market structure. One looks to "industry characteristics" to explain why different industries develop in different ways; the other looks to the pattern of firm growth within a "typical" industry to describe the evolution of the size distribution of firms. In his new book, John Sutton sets out a unified theory that encompasses both approaches, while generating a series of novel predictions as to how markets evolve. Using statistical analysis and a detailed examination of industry histories, he rigorously tests these new predictions. Data in the paperback edition have been revised and updated.

Product Details

ISBN-13:
9780262692649
Publisher:
MIT Press
Publication date:
01/26/2001
Edition description:
New Edition
Pages:
692
Product dimensions:
6.00(w) x 9.00(h) x 1.30(d)
Age Range:
18 Years

Table of Contents

Acknowledgments
Foreword
Part I A Bound to Concentration
1 Introduction
2 Theory I: Equilibrium Configurations
3 Technology and Market Structure
4 From Theory to Testing
5 Natural EXperiments: The HighAlpha Industries
6 The LowAlpha Industries
7 Scale, Learning, and the Unit Size Effect
8 Not by Technology Alone . . .
Part II The Size Distribution
9 An Outline of the Argument
10 In Search of a Benchmark
11 Theory II: Independent Submarkets
12 Testing the Independent Submarkets Model
Part III EXtensions and Limitations
13 Technology and Market Structure Revisited
14 EXtensions and Limitations I: Learning Effects
15 EXtensions and Limitations II: Networks and Standards
16 A CompleX Case
17 Summing Up
Afterword
Appendices
References
IndeX

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