Technological Change, Firm Size and Industrial Market Structure
Author: Daniel Eugene Kauffman
Publisher:
Published: 1900
Total Pages:
ISBN-13:
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Author: Daniel Eugene Kauffman
Publisher:
Published: 1900
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Mariana Mazzucato
Publisher: Edward Elgar Publishing
Published: 2000
Total Pages: 168
ISBN-13:
DOWNLOAD EBOOKMazzucato (London Business School and Open University) uses evolutionary economics, non-linear mathematics, and computer simulation techniques to explore the determinants of market instability and concentration which characterize the market structure of many different industries. The book begins by reviewing the connection between firm size, innovation and market structure from a theoretical and empirical point of view. It then advances an evolutionary model which addresses positive and negative feedback within this relationship. The concluding chapters present the history of the American automobile industry as a case study. Annotation copyrighted by Book News Inc., Portland, OR
Author: Jas Gill
Publisher: Routledge
Published: 2002-03-11
Total Pages: 257
ISBN-13: 1134874766
DOWNLOAD EBOOKThis book examines the role of strategic visions of future technological development in the evolution of market structure. This perspective offers a novel way of resolving some of the puzzles that have arisen in understanding the effects of rapid technology change and market structure. Strategic visions are seen to play a central role in corporate strategy, and industrial policy. The authors develop some theoretical tools to study these questions, and present 5 case studies of high technology industries, with conclusions for policy. The book will be of interest to industrial economists concerned with the effects of rapid technological change, and to those interested in technology management. It will also be of interest to economists and others working in high technology industries, and in government.
Author: Zoltán J. Ács
Publisher: University of Michigan Press
Published: 1991
Total Pages: 226
ISBN-13: 9780472102495
DOWNLOAD EBOOKAn analysis of market response to technological performance
Author: Morton I. Kamien
Publisher: Cambridge University Press
Published: 1982-02-26
Total Pages: 252
ISBN-13: 9780521293853
DOWNLOAD EBOOKTechnical advance requires resources and is motivated by the quest for profits; therefore, the rate and direction of advance is determined by the economic system. Recognition of this fact has focused attention on the performance of the market economy in the allocation of resources to technical advance, and the consequent body of research is surveyed and synthesised in this book. The theories of market structure and innovation proposed by Schumpeter, Galbraith, Arrow, Schmookler, Scherer, Mansfield, Phillips, Barzel, Kamien and Schwartz, Loury, Nelson and Winter, Grabowski, Dasgupta and Stiglitz, and others are presented in an integrated form. These theories deal with the nature of competition, the incentives to innovate and the pace of innovative activity under different market structures, and the existence of a market structure that yields the most rapid rate of innovation. In addition, the findings of seventy empirical studies dealing with various facets of the microeconomics of technical innovation are presented. The book is designed to be accessible to economists working in a variety of situations - in universities, business and government - and who are concerned with questions of technical innovation. It is also suitable for senior-level undergraduates and first year graduate students approaching the subject in a comprehensive way for the first time.
Author: W. Baldwin
Publisher: Taylor & Francis
Published: 2013-06-17
Total Pages: 181
ISBN-13: 1136458298
DOWNLOAD EBOOKThis book provides a survey of the theory and of the empirical knowledge about the links between market structure and technological change.
Author: Mariana Mazzucato
Publisher: Edward Elgar Publishing
Published: 2000-01-01
Total Pages: 168
ISBN-13: 9781781952818
DOWNLOAD EBOOKThe book begins by reviewing the connection between firm size, innovation and market structure from a theoretical and an empirical point of view, with emphasis on the 'complexity' that defines this relationship. It then goes on to build an evolutionary model which explores different Schumpeterian propositions regarding the positive and negative feedback between firm size and innovation as well as the role of idiosyncratic random events on industry market structure. The concluding chapter uses 100 years in the history of the US automobile industry to explore the relationship between market share instability and stock price volatility and the degree to which this relationship is connected to industry specific factors. This innovative new book will prove invaluable to researchers, lecturers and scholars of industrial organisation, technology and market structure.
Author: Michael Katz
Publisher:
Published: 2007
Total Pages: 314
ISBN-13:
DOWNLOAD EBOOKWe also find that there is interdependence in innovational efforts across markets: effort in a given market is correlated with the number of novel drugs of other firms in other markets. This suggests interdependencies across markets that should be part of innovation policy analysis. In chapter 3 I study the relationship between firm size and research and development expenditures in the presence of firm level heterogeneity. I test the Schumpeterian hypothesis that larger firms will invest disproportionately more in R & D.I find that there is no evidence of returns to scale in R & D investment. Small firms are investing a larger fraction of their revenues in R & D.I also find that the relationship between firm size and R & D investment is weaker when heterogeneity is taken into account and the focus is on what happens when firm size increases. These results highlight the importance of dimensions of heterogeneity other than firm size per se as determinants of the relationship of firm size and R & D.
Author: George Symeonidis
Publisher:
Published: 1996
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKAuthor: Zoltán J. Ács
Publisher: MIT Press
Published: 1990
Total Pages: 234
ISBN-13: 9780262011136
DOWNLOAD EBOOKUtilizing a unique data set, Zoltan Acs and David Audretsch provide a rich empirical analysis of the increased importance of small firms in generating technological innovations and their growing contribution to the U.S. economy. They identify the contributions made by both small and large firms to the innovative process and the manner in which market structure, and the firm-size distribution in particular, responds to technological change. The authors' analysis relies on traditional theories of industrial organization and tests existing hypotheses, many of them previously untested due to data constraints. Innovation and Small Firms brings together two large data bases recently released by the U. S. Small Business Administration - one directly measuring innovative activity for large and small firms, the other providing a detailed census of economic activity for all manufacturing firms and plants across a broad spectrum of industries. Acs and Audretsch describe and evaluate the data bases in the context of the literature on innovation, market structure, and firm size. They present their findings on the presence of small firms, small-firm entry in manufacturing, small-firm growth and flexible technology, and mobility and firm size. They compare static and dynamic measures of small-firm viability and address the relationships between R&D, innovation, and productivity, and analyze the interaction between technological regimes and the role of government in innovation.