This thought-provoking book explores the influences of market competition and diverse behaviours of economic agents on economic performance, particularly dynamic economic performance.
Clem Tisdell illustrates – within evolutionary, dynamic and static contexts – how diversity can improve or impede economic performance. He addresses the fact the role of diversity in improving economic performance has been neglected by economic theorists by making economic diversity a focal point of economic analysis. In particular, special attention is given to the value of economic diversity and economic imperfections in improving the performance of economic processes in particular identified situations. Limitations of using market-like mechanisms for managing public bodies and business firms are discussed and the value of business cooperation (economic mutualism) as a means for improving economic performance is examined. It is also observed that as economies develop, different forms of economic competition and business cooperation evolve.
Challenging yet accessible, this book will prove a stimulating read for academics and students in the fields of economics, industrial organization and business and management.
|Publisher:||Elgar, Edward Publishing, Inc.|
|Product dimensions:||6.10(w) x 9.30(h) x 0.90(d)|
About the Author
Clement A. Tisdell, Professor Emeritus, School of Economics, The University of Queensland, Australia
Table of Contents
Contents: Preface 1. The Role of Competition and Diversity in Economic Performance: An Overview 2. Concepts of Economic Competition and Performance in Context 3. Diversity of Consumers, Product Innovation and Economic Performance 4. Schumpeter and the Dynamics of Capitalism: The Driving Force of Business Innovation 5. Reasons for Business Diversity and their Economic Importance 6. Diversity and the Evolution of Competitive Economic Systems 7. Competition, Diversity, Evolution and Sustainability: Are there Lessons from Ecology? 8. Market Niches, Competition and Economic Performance: More Clues from Ecology? 9. Market Impediments, Restrained Reactions and Market Dynamics 10. Variations in the Fitness of Firms, Dynamic Economic Performance, and Vulnerability 11. More on Differences in the Fitness of Firms, Market Selection and Product Variety 12. Using Market Mechanisms (for Example, Contracting Out) for the Efficient Public Provision of Commodities 13. Using Market and Market-like Mechanisms to Manage a Multidivisional Business Efficiently 14. Business Partnerships, Cooperation and the Enhancement of Economic Performance Index