Author: Mitsuru Igami
Publisher:
ISBN:
Category : Creative ability in business
Languages : en
Pages : 142
Book Description
This dissertation aims to advance our knowledge of long-run economic changes. It consists of three essays on strategic industry dynamics in retail services, agricultural commodities, and high-tech manufacturing, respectively. Although creative destruction is commonly understood as the replacement of old technologies by new ones, its true significance lies not in the transition of technologies per se but in either the reluctance or inability of old winners to innovate when faced with new challengers. Hence I emphasize the incumbent-entrant rivalry as the common theme across these essays. Essay 1 assesses the impact of the entry of large supermarkets on incumbents of various sizes. Contrary to the conventional notion that big stores drive small rivals out of the market, data from Tokyo in the 1990s show that large supermarkets' entry induces the exit of existing large and medium-size competitors, but improves the survival rate of small supermarkets. These findings highlight the role of store size as an important dimension of product differentiation and caution against size-based entry regulations. Essay 2 studies the impact of international market structure on commodity prices, using a standard oligopoly model and exploiting historical variations in the structure of the international coffee bean market. The results suggest that, of the 75% drop in the real coffee price between 1988 and 2001, the end of a cartel treaty explains 49 points and the emergence of Vietnam as a major exporter explains another 9 points. I then discuss policy implications for competition, trade, and aid. Essay 3 investigates why incumbent firms innovate more slowly than entrants. Theories predict cannibalization between existing and new products delays incumbents' innovation, whereas preemptive motives accelerate it, and incumbents' cost (dis)advantage would further reinforce these tendencies. To empirically quantify these three forces, I develop and estimate a dynamic oligopoly model using a unique panel dataset of hard disk drive (HDD) manufacturers (1981-98). The results suggest that despite strong preemptive motives and a substantial cost advantage over entrants, incumbents are reluctant to innovate because of cannibalization, which can explain at least 51% of the incumbent-entrant timing gap. I then discuss managerial and public-policy implications.
Three Essays on Creative Destruction
Author: Mitsuru Igami
Publisher:
ISBN:
Category : Creative ability in business
Languages : en
Pages : 142
Book Description
This dissertation aims to advance our knowledge of long-run economic changes. It consists of three essays on strategic industry dynamics in retail services, agricultural commodities, and high-tech manufacturing, respectively. Although creative destruction is commonly understood as the replacement of old technologies by new ones, its true significance lies not in the transition of technologies per se but in either the reluctance or inability of old winners to innovate when faced with new challengers. Hence I emphasize the incumbent-entrant rivalry as the common theme across these essays. Essay 1 assesses the impact of the entry of large supermarkets on incumbents of various sizes. Contrary to the conventional notion that big stores drive small rivals out of the market, data from Tokyo in the 1990s show that large supermarkets' entry induces the exit of existing large and medium-size competitors, but improves the survival rate of small supermarkets. These findings highlight the role of store size as an important dimension of product differentiation and caution against size-based entry regulations. Essay 2 studies the impact of international market structure on commodity prices, using a standard oligopoly model and exploiting historical variations in the structure of the international coffee bean market. The results suggest that, of the 75% drop in the real coffee price between 1988 and 2001, the end of a cartel treaty explains 49 points and the emergence of Vietnam as a major exporter explains another 9 points. I then discuss policy implications for competition, trade, and aid. Essay 3 investigates why incumbent firms innovate more slowly than entrants. Theories predict cannibalization between existing and new products delays incumbents' innovation, whereas preemptive motives accelerate it, and incumbents' cost (dis)advantage would further reinforce these tendencies. To empirically quantify these three forces, I develop and estimate a dynamic oligopoly model using a unique panel dataset of hard disk drive (HDD) manufacturers (1981-98). The results suggest that despite strong preemptive motives and a substantial cost advantage over entrants, incumbents are reluctant to innovate because of cannibalization, which can explain at least 51% of the incumbent-entrant timing gap. I then discuss managerial and public-policy implications.
Publisher:
ISBN:
Category : Creative ability in business
Languages : en
Pages : 142
Book Description
This dissertation aims to advance our knowledge of long-run economic changes. It consists of three essays on strategic industry dynamics in retail services, agricultural commodities, and high-tech manufacturing, respectively. Although creative destruction is commonly understood as the replacement of old technologies by new ones, its true significance lies not in the transition of technologies per se but in either the reluctance or inability of old winners to innovate when faced with new challengers. Hence I emphasize the incumbent-entrant rivalry as the common theme across these essays. Essay 1 assesses the impact of the entry of large supermarkets on incumbents of various sizes. Contrary to the conventional notion that big stores drive small rivals out of the market, data from Tokyo in the 1990s show that large supermarkets' entry induces the exit of existing large and medium-size competitors, but improves the survival rate of small supermarkets. These findings highlight the role of store size as an important dimension of product differentiation and caution against size-based entry regulations. Essay 2 studies the impact of international market structure on commodity prices, using a standard oligopoly model and exploiting historical variations in the structure of the international coffee bean market. The results suggest that, of the 75% drop in the real coffee price between 1988 and 2001, the end of a cartel treaty explains 49 points and the emergence of Vietnam as a major exporter explains another 9 points. I then discuss policy implications for competition, trade, and aid. Essay 3 investigates why incumbent firms innovate more slowly than entrants. Theories predict cannibalization between existing and new products delays incumbents' innovation, whereas preemptive motives accelerate it, and incumbents' cost (dis)advantage would further reinforce these tendencies. To empirically quantify these three forces, I develop and estimate a dynamic oligopoly model using a unique panel dataset of hard disk drive (HDD) manufacturers (1981-98). The results suggest that despite strong preemptive motives and a substantial cost advantage over entrants, incumbents are reluctant to innovate because of cannibalization, which can explain at least 51% of the incumbent-entrant timing gap. I then discuss managerial and public-policy implications.
Essays on growth through creative destruction[
Author: María Fuensanta Morales Illán
Publisher:
ISBN: 9788469980262
Category :
Languages : en
Pages : 174
Book Description
Publisher:
ISBN: 9788469980262
Category :
Languages : en
Pages : 174
Book Description
Evolutionary Economics and Creative Destruction
Author: J. Stanley Metcalfe
Publisher: Psychology Press
ISBN: 041540648X
Category : Evolutionary economics
Languages : en
Pages : 171
Book Description
The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.
Publisher: Psychology Press
ISBN: 041540648X
Category : Evolutionary economics
Languages : en
Pages : 171
Book Description
The central theme of this book is competition treated as an evolutionary process in which the focus is upon economic change and not economic equilibrium. This theme is explored by linking together differences in economic behaviour with the role of markets as co-ordinating institutions. In this picture innovation plays a central role as a primary source of differential behaviour of firms and the purpose of the book is to identify the consequences of these differences for competition and competitive advantage.
Three Essays on Economic Growth
Author: Gerald M. McIntyre
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 288
Book Description
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 288
Book Description
Three Essays in Industrial Organization
Three Essays on Export Transitions
Author: Álvarez Espinoza Álvarez
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 358
Book Description
Publisher:
ISBN:
Category : Exports
Languages : en
Pages : 358
Book Description
Three Essays on Macroeconomics and Economics of Transition
Creative Destruction
Author: Lewis Owens
Publisher: Mercer University Press
ISBN: 9780865548039
Category : Biography & Autobiography
Languages : en
Pages : 228
Book Description
Owens (religious studies, Canterbury Christ Church U. College) seeks to clarify the philosophical and religious views of playwright, journalist, and novelist Kazantzakis (1883-1957), arguing that his religious philosophy led him to transcend both communism and nihilism enroute to a union with god. Annotation (c) Book News, Inc., Portland, OR (bookn
Publisher: Mercer University Press
ISBN: 9780865548039
Category : Biography & Autobiography
Languages : en
Pages : 228
Book Description
Owens (religious studies, Canterbury Christ Church U. College) seeks to clarify the philosophical and religious views of playwright, journalist, and novelist Kazantzakis (1883-1957), arguing that his religious philosophy led him to transcend both communism and nihilism enroute to a union with god. Annotation (c) Book News, Inc., Portland, OR (bookn
The Creative Destruction of Medicine
Author: Eric Topol
Publisher:
ISBN: 0465025501
Category : Health & Fitness
Languages : en
Pages : 322
Book Description
A professor of medicine reveals how technology like wireless internet, individual data, and personal genomics can be used to save lives.
Publisher:
ISBN: 0465025501
Category : Health & Fitness
Languages : en
Pages : 322
Book Description
A professor of medicine reveals how technology like wireless internet, individual data, and personal genomics can be used to save lives.
Three Essays on the Macroeconomic Effects of International Capital Flows
Author: Shibeshi Ghebre Kahsay
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 298
Book Description
Publisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 298
Book Description