Author: M. M. Leven
Publisher: Elsevier
ISBN: 1483158543
Category : Technology & Engineering
Languages : en
Pages : 494
Book Description
Photoelasticity presents the development of photoelasticity. This book discusses the principle of optical equivalence of stressed isotropic bodies. Organized into 29 chapters, this book begins with an overview of the progress in three-dimensional photoelasticity. This text then summarizes the approximate theoretical analysis by the strain-energy technique and derives the basic equations for the evaluation of P and Q by graphical integration. Other chapters consider the importance of stress concentrations in the domain of strength of materials, particularly where fatigue is present. This book discusses a well the various instructive fractures and indicates that the strength of bakelite is determined by the maximum tensile stresses as computed by advanced methods of stress analysis. The final chapter deals with the two fundamental problems in three-dimensional photoplasticity and explains the general stress-optic law under plastic flow without unloading. This book is a valuable resource for designers as well as mechanical and civil engineers.
The Fringe Dwellers
Author: Nene Gare
Publisher: Text Publishing
ISBN: 1921961821
Category : Fiction
Languages : en
Pages : 391
Book Description
Set in a remote area of Western Australia, The Fringe Dwellers is the story of two part-Aboriginal sisters, Noonah and Trilby, who live in a family camp on the fringe of white society. Noonah accepts her position—but Trilby refuses to.
Publisher: Text Publishing
ISBN: 1921961821
Category : Fiction
Languages : en
Pages : 391
Book Description
Set in a remote area of Western Australia, The Fringe Dwellers is the story of two part-Aboriginal sisters, Noonah and Trilby, who live in a family camp on the fringe of white society. Noonah accepts her position—but Trilby refuses to.
Fringe Florida
Author: Lynn Waddell
Publisher:
ISBN: 9780813044934
Category : History
Languages : en
Pages : 0
Book Description
An exploration of many "fringe" lifestyles in Florida, including bikers, ufologists, spiritualists, swingers, "pony girls," strip club owners, nudists, and others.
Publisher:
ISBN: 9780813044934
Category : History
Languages : en
Pages : 0
Book Description
An exploration of many "fringe" lifestyles in Florida, including bikers, ufologists, spiritualists, swingers, "pony girls," strip club owners, nudists, and others.
Photoelasticity
Author: M. M. Leven
Publisher: Elsevier
ISBN: 1483158543
Category : Technology & Engineering
Languages : en
Pages : 494
Book Description
Photoelasticity presents the development of photoelasticity. This book discusses the principle of optical equivalence of stressed isotropic bodies. Organized into 29 chapters, this book begins with an overview of the progress in three-dimensional photoelasticity. This text then summarizes the approximate theoretical analysis by the strain-energy technique and derives the basic equations for the evaluation of P and Q by graphical integration. Other chapters consider the importance of stress concentrations in the domain of strength of materials, particularly where fatigue is present. This book discusses a well the various instructive fractures and indicates that the strength of bakelite is determined by the maximum tensile stresses as computed by advanced methods of stress analysis. The final chapter deals with the two fundamental problems in three-dimensional photoplasticity and explains the general stress-optic law under plastic flow without unloading. This book is a valuable resource for designers as well as mechanical and civil engineers.
Publisher: Elsevier
ISBN: 1483158543
Category : Technology & Engineering
Languages : en
Pages : 494
Book Description
Photoelasticity presents the development of photoelasticity. This book discusses the principle of optical equivalence of stressed isotropic bodies. Organized into 29 chapters, this book begins with an overview of the progress in three-dimensional photoelasticity. This text then summarizes the approximate theoretical analysis by the strain-energy technique and derives the basic equations for the evaluation of P and Q by graphical integration. Other chapters consider the importance of stress concentrations in the domain of strength of materials, particularly where fatigue is present. This book discusses a well the various instructive fractures and indicates that the strength of bakelite is determined by the maximum tensile stresses as computed by advanced methods of stress analysis. The final chapter deals with the two fundamental problems in three-dimensional photoplasticity and explains the general stress-optic law under plastic flow without unloading. This book is a valuable resource for designers as well as mechanical and civil engineers.
Science Fiction Collection
Author: Adam Drake
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 704
Book Description
Here are six exciting Science Fiction novels from genre author, Adam Drake. Shadow For Hire Series: Vivian is addicted to the largest, and most immersive, MMO on the market. All she wants to do is quest and loot. But things go wrong when she's inadvertently sucked into the 'meta' story line of the game, and she is no longer just a nameless player among billions - she's now a server champion in the making. The problem? She wants nothing to do with it. Includes: Book 1 - Shadow Gambit An impossible quest for a legendary item. Book 2 - Shadow Hunting The most powerful player in the gaming universe wants me dead. Book 3 - Shadow Wars I'm a loot-hunting adventurer, not a general. Book 4 - Shadow Blade A hallowed weapon hidden in a jungle hell. The First Day (Total Collapse Book 1) And the end begins. In one fell swoop, civilization is changed forever. No one is unaffected, few are prepared. Some become survivors, others - easy prey. Only the strong, and crazy, will survive. Through the blood and chaos, civilization will be permanently transformed. And it all begins with one terrifying moment, when the lights go out and never come back on. Total Collapse! Escape to the Fringe (Fringe Outlaws Book 1) A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the fringe of the galaxy! science fiction, space opera, adventure, litrpg, cyberpunk, vr, rpg, gamelit, post apocalyptic, dystopian, space ship, series, collection, bundle, emp
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 704
Book Description
Here are six exciting Science Fiction novels from genre author, Adam Drake. Shadow For Hire Series: Vivian is addicted to the largest, and most immersive, MMO on the market. All she wants to do is quest and loot. But things go wrong when she's inadvertently sucked into the 'meta' story line of the game, and she is no longer just a nameless player among billions - she's now a server champion in the making. The problem? She wants nothing to do with it. Includes: Book 1 - Shadow Gambit An impossible quest for a legendary item. Book 2 - Shadow Hunting The most powerful player in the gaming universe wants me dead. Book 3 - Shadow Wars I'm a loot-hunting adventurer, not a general. Book 4 - Shadow Blade A hallowed weapon hidden in a jungle hell. The First Day (Total Collapse Book 1) And the end begins. In one fell swoop, civilization is changed forever. No one is unaffected, few are prepared. Some become survivors, others - easy prey. Only the strong, and crazy, will survive. Through the blood and chaos, civilization will be permanently transformed. And it all begins with one terrifying moment, when the lights go out and never come back on. Total Collapse! Escape to the Fringe (Fringe Outlaws Book 1) A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the fringe of the galaxy! science fiction, space opera, adventure, litrpg, cyberpunk, vr, rpg, gamelit, post apocalyptic, dystopian, space ship, series, collection, bundle, emp
Handbook of Economic Growth
Author: Philippe Aghion
Publisher: Elsevier
ISBN: 0444520414
Category : Business & Economics
Languages : en
Pages : 1139
Book Description
Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development.
Publisher: Elsevier
ISBN: 0444520414
Category : Business & Economics
Languages : en
Pages : 1139
Book Description
Featuring survey articles by leading economists working on growth theory, this two-volume set covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. It also covers technology, trade and geography, and growth and socio-economic development.
Speculative Worlds 4
Author: Adam Drake
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 191
Book Description
Here is a double bundle of speculative novels from genre author, Adam Drake. Kingdom Level Four (Kingdom Series Book 4) Kingdom Building 101 Rob's grasp on his fledgling kingdom is tenuous, at best. Expansion is impossible thanks to an angry war-clan of goblins encroaching on the eastern border. Also, monsters and bandits run rampant within the valley threatening his subjects. And since trade is nonexistent and supply lines are dead, the ramshackle village must be kick-started into an economically viable town – one that generates income for the meager royal treasury, instead of sapping it. Solving these problems is his responsibility or the kingdom will never reach level five. But there's a larger concern which casts a dark cloud over everything. His is not the only kingdom and neighboring rulers have started to view this janitor-turned-king as either an exploitable ally... … or easy prey. Escape to the Fringe (Outlaws of the Fringe Book 1) A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the Fringe! litrpg, fantasy, gamelit, rpg, cyberpunk, series, action, adventure, video games, mmo, role playing games, vr, virtual reality, thriller, wuxia, cultivation, science fiction, bundle, collection, omnibus, space opera
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 191
Book Description
Here is a double bundle of speculative novels from genre author, Adam Drake. Kingdom Level Four (Kingdom Series Book 4) Kingdom Building 101 Rob's grasp on his fledgling kingdom is tenuous, at best. Expansion is impossible thanks to an angry war-clan of goblins encroaching on the eastern border. Also, monsters and bandits run rampant within the valley threatening his subjects. And since trade is nonexistent and supply lines are dead, the ramshackle village must be kick-started into an economically viable town – one that generates income for the meager royal treasury, instead of sapping it. Solving these problems is his responsibility or the kingdom will never reach level five. But there's a larger concern which casts a dark cloud over everything. His is not the only kingdom and neighboring rulers have started to view this janitor-turned-king as either an exploitable ally... … or easy prey. Escape to the Fringe (Outlaws of the Fringe Book 1) A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the Fringe! litrpg, fantasy, gamelit, rpg, cyberpunk, series, action, adventure, video games, mmo, role playing games, vr, virtual reality, thriller, wuxia, cultivation, science fiction, bundle, collection, omnibus, space opera
Scifi Bundle: 6 Books
Author: Adam Drake
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 646
Book Description
Here are six exciting scifi books from genre author, Adam Drake. Ranging from LitRPG to post-apocalyptic to space opera. Shadow Gambit (Shadow For Hire Book 1) An impossible quest for a legendary item. I love questing for loot. And the more difficult the quest, the greater the reward. So when I'm offered a chance to retrieve the ultimate treasure of all, I signed up. Yet no one warned me the task would be impossible. Against overwhelming odds I'm also expected to defeat an ancient evil - one with the power of a god. But you know what? Some loot is worth risking it all. Shadow Hunting (Shadow For Hire Book 2) The most powerful player in the gaming universe wants me dead. Now I have a price on my head with tens of thousands of bounty hunters out to kill me. But I can only run for so long. I need to put an end to this madness once and for all. If I'm going to die, it will be on my own terms. The tables must be turned. Time to go hunting. Shadow Wars (Shadow For Hire Book 3) I'm a loot-hunting adventurer, not a general. I play online MMOs for exciting quests, to level my character and find cool loot. Not to lead armies. But now I have to fight a battle to get the quest item I desperately need. I've never commanded troops or built bases or strategized an attack more complex than a dungeon raid. When it comes to war, I'm a complete noob. Yet, defeat isn't an option. I've got to win or everything I've worked so hard for will be lost. So, they want a war? I'll give them one. Shadow Blade (Shadow For Hire Book 4) A hallowed weapon hidden in a jungle hell. Forced to prove my worthiness to an elite group of players, I must earn the right to enter one of the most notorious locations in the game. The Emerald Caldera has a fearsome reputation for chewing up would-be adventurers and quickly sending them back to the newbie zone. Filled with dungeon temples, monstrous beasts and dark-magic cults, the jungles of this mysterious island are deserving of respect. And I must plunge headlong into them because it's here where I can find the next elusive item in my Legendary Armor Set: The Shadow Blade Blackout: Day One The nightmare begins. In one fell swoop, civilization is changed forever. No one is unaffected, few are prepared. Some become survivors, others - easy prey. Only the strong, and crazy, will survive. Through the blood and chaos, civilization will be permanently transformed. And it all begins with one terrifying moment, when the lights go out and never come back on. Blackout. Escape to the Fringe A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the Fringe! litrpg, fantasy, gamelit, rpg, cyberpunk, female mc, female protagonist, series, action, adventure, video games, mmo, role playing games, vr, virtual reality, wuxia, cultivation, science fiction, bundle, collection, omnibus, space opera, thriller, series, space ship, alien, aliens, space, dystopian, post apocalyptic, horror, series, survivor, bunker, emp
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 646
Book Description
Here are six exciting scifi books from genre author, Adam Drake. Ranging from LitRPG to post-apocalyptic to space opera. Shadow Gambit (Shadow For Hire Book 1) An impossible quest for a legendary item. I love questing for loot. And the more difficult the quest, the greater the reward. So when I'm offered a chance to retrieve the ultimate treasure of all, I signed up. Yet no one warned me the task would be impossible. Against overwhelming odds I'm also expected to defeat an ancient evil - one with the power of a god. But you know what? Some loot is worth risking it all. Shadow Hunting (Shadow For Hire Book 2) The most powerful player in the gaming universe wants me dead. Now I have a price on my head with tens of thousands of bounty hunters out to kill me. But I can only run for so long. I need to put an end to this madness once and for all. If I'm going to die, it will be on my own terms. The tables must be turned. Time to go hunting. Shadow Wars (Shadow For Hire Book 3) I'm a loot-hunting adventurer, not a general. I play online MMOs for exciting quests, to level my character and find cool loot. Not to lead armies. But now I have to fight a battle to get the quest item I desperately need. I've never commanded troops or built bases or strategized an attack more complex than a dungeon raid. When it comes to war, I'm a complete noob. Yet, defeat isn't an option. I've got to win or everything I've worked so hard for will be lost. So, they want a war? I'll give them one. Shadow Blade (Shadow For Hire Book 4) A hallowed weapon hidden in a jungle hell. Forced to prove my worthiness to an elite group of players, I must earn the right to enter one of the most notorious locations in the game. The Emerald Caldera has a fearsome reputation for chewing up would-be adventurers and quickly sending them back to the newbie zone. Filled with dungeon temples, monstrous beasts and dark-magic cults, the jungles of this mysterious island are deserving of respect. And I must plunge headlong into them because it's here where I can find the next elusive item in my Legendary Armor Set: The Shadow Blade Blackout: Day One The nightmare begins. In one fell swoop, civilization is changed forever. No one is unaffected, few are prepared. Some become survivors, others - easy prey. Only the strong, and crazy, will survive. Through the blood and chaos, civilization will be permanently transformed. And it all begins with one terrifying moment, when the lights go out and never come back on. Blackout. Escape to the Fringe A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the Fringe! litrpg, fantasy, gamelit, rpg, cyberpunk, female mc, female protagonist, series, action, adventure, video games, mmo, role playing games, vr, virtual reality, wuxia, cultivation, science fiction, bundle, collection, omnibus, space opera, thriller, series, space ship, alien, aliens, space, dystopian, post apocalyptic, horror, series, survivor, bunker, emp
Scifi & Fantasy Megabundle
Author: Adam Drake
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 1431
Book Description
This gigantic bundle brings together 12 exciting scifi and fantasy books from genre author, Adam Drake. Kingdom Series Book 1: Kingdom Level One Book 2: Kingdom Level Two Book 3: Kingdom Level Three Book 4: Kingdom Level Four A broken kingdom for a reluctant king. Robert was content with his life as a night-shift janitor. No stress, no worries, and no responsibilities. But this idyllic existence is turned upside down when he suddenly finds himself trapped inside a fantasy Role Playing Game. Confused and alone he must find a way to escape back to his own world and, more importantly, to his daughter. But to do that he must take up the biggest responsibility of all: To rule a kingdom. Escape to the Fringe A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the Fringe! Blackout The nightmare begins. In one fell swoop, civilization is changed forever. No one is unaffected, few are prepared. Some become survivors, others - easy prey. Only the strong, and crazy, will survive. Through the blood and chaos, civilization will be permanently transformed. And it all begins with one terrifying moment, when the lights go out and never come back on. Blackout. Shadow For Hire Series Book 1: Shadow Gambit Book 2: Shadow Hunting Book 3: Shadow Wars Book 4: Shadow Blade An impossible quest for a legendary item. I love questing for loot. And the more difficult the quest, the greater the reward. So when I'm offered a chance to retrieve the ultimate treasure of all, I signed up. Yet no one warned me the task would be impossible. Against overwhelming odds I'm also expected to defeat an ancient evil - one with the power of a god. But you know what? Some loot is worth risking it all. The Big Bag of Infinite Cats A baffling mystery of ancient magic! When a strange case of a detective being turned to stone stumps local police, retired investigator Mayra Beeweather is asked to assist. One of her tools of the trade is a magical bag which contains an infinite number of cats. Very special cats – each with a unique ability to aid in her investigation. Yet, even with their help, Mayra may not solve the case in time, for she may be the next victim turned to stone. Bitch Berserker Trapped in a savage new reality! I'm a kind and gentle person. Or should I say, I was... As an interstellar surveyor, my job is to find and explore new star systems at the very fringes of humankind's reach. There are no conflicts, or even stress – it's simply a career which allows me to quietly drift through the cosmos, enjoying its endless beauty. Then I found myself trapped on a world like no other. Dark, bloody and brutal, I had to adapt quickly to this new reality, or me and my crew would never get a chance to escape. My life quickly morphed from one of peace, to one of pure savagery. And as I carved a blood-soaked path across this realm of carnage, there was one horrifying fact about myself I needed to confront: Learning to kill was easy, but not liking it was hard.
Publisher: Adam Drake
ISBN:
Category : Fiction
Languages : en
Pages : 1431
Book Description
This gigantic bundle brings together 12 exciting scifi and fantasy books from genre author, Adam Drake. Kingdom Series Book 1: Kingdom Level One Book 2: Kingdom Level Two Book 3: Kingdom Level Three Book 4: Kingdom Level Four A broken kingdom for a reluctant king. Robert was content with his life as a night-shift janitor. No stress, no worries, and no responsibilities. But this idyllic existence is turned upside down when he suddenly finds himself trapped inside a fantasy Role Playing Game. Confused and alone he must find a way to escape back to his own world and, more importantly, to his daughter. But to do that he must take up the biggest responsibility of all: To rule a kingdom. Escape to the Fringe A pair of outlaws searching for riches. A stolen ship with a secret cargo. A strange alien with bizarre abilities. When Ash and Femke Quinly decide to steal a transport ship from the local criminal syndicate, their troubles have just begun. With enemies in relentless pursuit, and their options dwindling, an already dangerous situation becomes more futile. But when the universe is gunning for you, there is one insane option only the truly desperate can take: They must escape to the Fringe! Blackout The nightmare begins. In one fell swoop, civilization is changed forever. No one is unaffected, few are prepared. Some become survivors, others - easy prey. Only the strong, and crazy, will survive. Through the blood and chaos, civilization will be permanently transformed. And it all begins with one terrifying moment, when the lights go out and never come back on. Blackout. Shadow For Hire Series Book 1: Shadow Gambit Book 2: Shadow Hunting Book 3: Shadow Wars Book 4: Shadow Blade An impossible quest for a legendary item. I love questing for loot. And the more difficult the quest, the greater the reward. So when I'm offered a chance to retrieve the ultimate treasure of all, I signed up. Yet no one warned me the task would be impossible. Against overwhelming odds I'm also expected to defeat an ancient evil - one with the power of a god. But you know what? Some loot is worth risking it all. The Big Bag of Infinite Cats A baffling mystery of ancient magic! When a strange case of a detective being turned to stone stumps local police, retired investigator Mayra Beeweather is asked to assist. One of her tools of the trade is a magical bag which contains an infinite number of cats. Very special cats – each with a unique ability to aid in her investigation. Yet, even with their help, Mayra may not solve the case in time, for she may be the next victim turned to stone. Bitch Berserker Trapped in a savage new reality! I'm a kind and gentle person. Or should I say, I was... As an interstellar surveyor, my job is to find and explore new star systems at the very fringes of humankind's reach. There are no conflicts, or even stress – it's simply a career which allows me to quietly drift through the cosmos, enjoying its endless beauty. Then I found myself trapped on a world like no other. Dark, bloody and brutal, I had to adapt quickly to this new reality, or me and my crew would never get a chance to escape. My life quickly morphed from one of peace, to one of pure savagery. And as I carved a blood-soaked path across this realm of carnage, there was one horrifying fact about myself I needed to confront: Learning to kill was easy, but not liking it was hard.
Institutions, Development, and Economic Growth
Author: Theo S. Eicher
Publisher: MIT Press
ISBN: 0262050811
Category : Business & Economics
Languages : en
Pages : 309
Book Description
Discussing how and why institutions influence growth, this volume provides an overview of the literature on the impact of institutions on growth. It considers theoretical and empirical relationships between institutions and growth.
Publisher: MIT Press
ISBN: 0262050811
Category : Business & Economics
Languages : en
Pages : 309
Book Description
Discussing how and why institutions influence growth, this volume provides an overview of the literature on the impact of institutions on growth. It considers theoretical and empirical relationships between institutions and growth.
Competition and Growth
Author: Philippe Aghion
Publisher: MIT Press
ISBN: 0262512025
Category : Business & Economics
Languages : en
Pages : 115
Book Description
Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.
Publisher: MIT Press
ISBN: 0262512025
Category : Business & Economics
Languages : en
Pages : 115
Book Description
Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.