Author: John Sutton Publisher: MIT Press ISBN: 9780262193054 Category : Business & Economics Languages : en Pages : 600
Book Description
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.
Author: Ronald S. Burt Publisher: Harvard University Press ISBN: 0674029097 Category : Business & Economics Languages : en Pages : 325
Book Description
Ronald Burt describes the social structural theory of competition that has developed through the last two decades. The contrast between perfect competition and monopoly is replaced with a network model of competition. The basic element in this account is the structural hole: a gap between two individuals with complementary resources or information. When the two are connected through a third individual as entrepreneur, the gap is filled, creating important advantages for the entrepreneur. Competitive advantage is a matter of access to structural holes in relation to market transactions.
Author: George Norman Publisher: Cambridge University Press ISBN: 1139428586 Category : Business & Economics Languages : en Pages : 309
Book Description
This 2000 text applies modern advances in game theory to the analysis of competition policy and develops some of the theoretical and policy concerns associated with the pioneering work of Louis Phlips. Containing contributions by leading scholars from Europe and North America, this book observes a common theme in the relationship between the regulatory regime and market structure. Since the inception of the new industrial organization, economists have developed a better understanding of how real-world markets operate. These results have particular relevance to the design and application of anti-trust policy. Analyses indicate that picking the most competitive framework in the short run may be detrimental to competition and welfare in the long run, concentrating the attention of policy makers on the impact on the long-run market structure. This book provides essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.
Author: Martin L. Cody Publisher: Princeton University Press ISBN: 0691209332 Category : Science Languages : en Pages : 334
Book Description
Professor Cody's monograph emphasizes the role of competition at levels above single species populations, and describes how competition, by way of the niche concept, determines the structure of communities. Communities may be understood in terms of resource gradients, or niche dimensions, along which species become segregated through competitive interactions. Most communities appear to exist in three or four such dimensions. The first three chapters describe the resource gradients (habitat types, foraging sites, food types), show what factors restrict species to certain parts of the resource gradients and so determine niche breadths, and illustrate the important role of resource predictability in niche overlap between species for resources they share. Most examples are drawn from eleven North and South American bird communities, although the concepts and methodology are far more general. Next, the optimality of community structure is tested through parallel and convergent evolution on different continents with similar climates and habitats, and the direct influence of competitors on resource use is investigated by comparisons of species--poor island communities to species-rich mainland ones. Finally, the author discusses those sorts of environments in which the evolution of one species--one resource set is not achieved, and where alternative schemes of resource allocation, often involving several species that act ecologically as one, must be followed.
Author: David Tilman Publisher: Princeton University Press ISBN: 0691209650 Category : Science Languages : en Pages : 310
Book Description
One of the central questions of ecology is why there are so many different kinds of plants and animals. Here David Tilman presents a theory of how organisms compete for resources and the way their competition promotes diversity. Developing Hutchinson's suggestion that the main cause of diversity is the feeding relations of species, this book builds a mechanistic, resource-based explanation of the structure and functioning of ecological communities. In a detailed analysis of the Park Grass Experiments at the Rothamsted Experimental Station in England, the author demonstrates that the dramatic results of these 120 years of experimentation are consistent with his theory, as are observations in many other natural communities. The consumer-resource approach of this book is applicable to both animal and plant communities, but the majority of Professor Tilman's discussion concentrates on the structure of plant communities. All theoretical arguments are developed graphically, and formal mathematics is kept to a minimum. The final chapters of the book provide some testable speculations about resources and animal communities and explore such problems as the evolution of "super species," the differences between plant and animal community diversity patterns, and the cause of plant succession.
Author: George Symeonidis Publisher: MIT Press ISBN: 9780262264655 Category : Business & Economics Languages : en Pages : 558
Book Description
A theoretical and empirical study of the effects of competition across a broad range of industries. Policies to promote competition are high on the political agenda worldwide. But in a constantly changing marketplace, the effects of more intense competition on firm conduct, market structure, and industry performance are often hard to distinguish. This study combines game-theoretic models with empirical evidence from a "natural experiment" of policy reform. The introduction in the United Kingdom of the 1956 Restrictive Trade Practices Act led to the registration and subsequent abolition of explicit restrictive agreements between firms and the intensification of price competition across a range of manufacturing industries. An equally large number of industries were not affected by the legislation. Using data from before and after the 1956 act, this book compares the two groups of industries to determine the effect of price competition on concentration, firm and plant numbers, profitability, advertising intensity, and innovation. The book avoids two problems common to empirical studies of competition: how to measure the intensity of competition and how to unravel the links between competition and other variables. Because the change in the intensity of competition had an external cause, there is no need to measure the intensity of competition directly, and it is possible to identify one-way causal effects when estimating the impact of competition. The book also examines issues such as the industries in which collusion is more likely to occur; the effect of cartels and cartel laws on market structure and profitability; the links between competition, advertising, and innovation; and the constraints on the exercise of merger and antitrust policies.
Author: Heinrich von Stackelberg Publisher: Springer Science & Business Media ISBN: 3642125867 Category : Business & Economics Languages : en Pages : 147
Book Description
In his book „Marktform und Gleichgewicht“, published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of firm competition. In a work of great originality and richness, he described and analyzed a market situation in which the leader firm moves first and the follower firms then move sequentially. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business. As the first translation of von Stackelberg’s book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.
Author: Elhanan Helpman Publisher: MIT Press ISBN: 9780262580984 Category : Business & Economics Languages : en Pages : 212
Book Description
This sequel to Market Structure and Foreign Trade examines the new international trade's applied side. It provides a compact guide to models of the effects of trade policy in imperfectly competitive markets, as well as an up-to-date survey of existing knowledge, which is extended by the authors' useful interpretations of the results.
Author: John Sutton
Author: Ronald S. Burt
Author: Elhanan Helpman
Author: George Norman
Author: Martin L. Cody
Author: David Tilman
Author: George Symeonidis
Author: Heinrich von Stackelberg
Author: John Stuart Mill
Author: Elhanan Helpman