Transient Market Power of Firms
Transient Market Power of Firms

Author: T.V.S. Ramamohan Rao

Publisher: Cambridge Scholars Publishing

Published: 2021-07-18

Total Pages: 194

ISBN-13: 1527572714

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Every firm in the market for industrial products offers a distinct value to consumers. As such, they derive some market power based on the intrinsic value of their products. However, firms often utilize non-price strategies to reveal value to consumers because both the consumers and firms experience information asymmetry with respect to such value. They may also orient some strategies to increase their market share. In general, non-price strategies contain information about value beyond the market shares they achieve, and the shifts in market demand provide the firm with some transient market power. This book indicates that, given the transaction costs to the consumers, of switching between products, the increase in demand tends to be of a longer-term nature. It will not be eliminated over time, as is often conjectured. Measures of the intrinsic value of products, transient market power, and the changes in non-price strategies of firms that tend to perpetuate it are also defined and estimated in the text.

The Dynamic Firm
The Dynamic Firm

Author: Alfred D. Chandler

Publisher: OUP Oxford

Published: 1999-09-23

Total Pages: 488

ISBN-13: 0191522570

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Business Strategy is becoming increasingly 'pluralist', drawing on the insights of different disciplines, and business practice in different parts of the world. This book brings together the work and ideas of leading international scholars working in the field under three main headings Technology, Strategy and Organization, and Regions. The purpose of the book is to explore from different perspectives the dynamic interplay between the technology of a firm; its strategies; organizational choices; and issues of place, region, and location. The contributors are Peter Hagström, Alfred Chandler, Takahiro Fujimoto, Richard Nelson, Nathan Rosenberg, Erik von Hippel, Cristiano Antonelli, Giovanni Dosi, Benjamin Coriat, David Teece, Gunnar Hedlund, Pari Patel, Keith Pavitt, Ikujiro Nonaka, Hirotaka Takeuchi, Lars-Gunnar Mattsson, John Cantwell, John Dunning, Michael Enright, Masahisa Fujita, Ryoichi Ishii, Allen Scott, Orjan Solvell, Ivo Zander, J-C Spender, and Michael Porter. Together they address the challenge of explaining the long-run competitiveness of firms in an ever more global world. This book will be a benchmark for anybody wanting to keep abreast of leading edge strategic thinking.

Industrial Organization
Industrial Organization

Author: Lynne Pepall

Publisher: John Wiley & Sons

Published: 2014-01-28

Total Pages: 741

ISBN-13: 1118250303

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Pepall's Industrial Organization: Contemporary Theory and Empirical Applications, 5th Edition offers an accessible text in which topics are organized in a manner that motivates and facilitates progression from one chapter to the next. It serves as a complete, but concise, introduction to modern industrial economics. The text uniquely uses the tools of game theory, information economics, contracting issues, and practical examples to examine multiple facets of industrial organization. The fifth edition is more broadly accessible, balancing the tension between making modern industrial analysis accessible while also presenting the formal abstract modeling that gives the analysis its power. The more overtly mathematical content is presented in the Contemporary Industrial Organization text (aimed at the top tier universities) while this Fifth Edition will less mathematical (aimed at a wider range of four-year colleges and state universities.

Office Lean
Office Lean

Author: Ken Eakin

Publisher: CRC Press

Published: 2019-09-26

Total Pages: 277

ISBN-13: 0429512228

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Struggling to apply Lean effectively in your office environment? Office Lean is a book for anyone who wants to apply Lean better in contexts where the work is both intangible and complex. it explains in simple terms, what Lean is -- and what Lean isn’t -- enabling office professionals to understand how it can be successfully applied to their complex office-based work environments. Contrary to popular opinion, Lean is not only for mass manufacturing or healthcare. It applies just as much to the digital world of "knowledge work" industries such as banking and financial services, software development, and government. But the fundamental concepts, straight from the factory floor, need a fair amount of translation to be effectively applied in cube farms. Overturning the common perception that Lean is about imposing rigid rules, or simply eliminating waste in the name of "efficiency", Eakin presents Lean as a dynamic, flexible, people-centric philosophy that delivers outstanding business results by improving employee engagement and customer experience. Office Lean helps Lean practitioners (leaders/managers and coaches/consultants) working in professional office environments access the amazing, transformative results Lean can bring to their specific domains. It combines clear explanations of the core concepts of the Lean philosophy with relevant, practical examples from the fields of accounting, finance, insurance, IT and government.

Market Dominance and Market Power
Market Dominance and Market Power

Author: T.V.S. Ramamohan Rao

Publisher: Cambridge Scholars Publishing

Published: 2020-09-29

Total Pages: 122

ISBN-13: 1527560066

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This book presents several fundamentally new ideas. It shows that the notion of market dominance depends on the choices of firms. The fundamental idea here is to separate strategies that the firm wishes to pursue and those that it can achieve given the rival reactions. The book also highlights that consumers generally find it difficult to obtain appropriate information about the value of products when many similar products are sold on the market. Firms provide signals in the form of non-price strategies. The identification, by the consumer, of the maximum value of the product may nevertheless leave some room for firms to expand their market share beyond this. In addition, given the nature of the market, each firm has some market power with regard to consumers on the market and in its relationship with rival firms. This text presents a number of market power indices at the firm and strategy level combining these two dimensions. The book also considers issues of regulation of apps in cyberspace and discusses practical regulatory policies that have been developed to limit misuse of information in cyberspace.

Localised Technological Change
Localised Technological Change

Author: Cristiano Antonelli

Publisher: Routledge

Published: 2008-01-31

Total Pages: 424

ISBN-13: 1134091184

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Pt. 1. The ingredients -- pt. 2. The governance of localised technological knowledge -- pt. 3. The introduction of localised technological change.

The Routledge Handbook of Heterodox Economics
The Routledge Handbook of Heterodox Economics

Author: Tae-Hee Jo

Publisher: Routledge

Published: 2017-07-28

Total Pages: 550

ISBN-13: 1317480295

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The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a ‘pluralistic’ heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both ‘heat and light’ on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science. This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.

Industrial Organization, Antitrust, and Public Policy
Industrial Organization, Antitrust, and Public Policy

Author: J.V. Craven

Publisher: Springer Science & Business Media

Published: 2013-11-21

Total Pages: 267

ISBN-13: 9401718741

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This book contains a selection of the papers presented at the third annual Middlebury College Conference on Economic Issues, held in April, 1981. The theme of the conference was "Industrial Organization and Public Policy. '' It is perhaps testimony to the complexity of our industrial structure that thirty years have passed without legislative action on antitrust even as the field of industrial organization has been heavily mined by scholars. Evidence that Congress prefers a hands-off policy seems now stronger than ever. This book seeks to present analyses and assessments that would aid the reader in judging the correctness of such public policy. Alfred Kahn, in Part I, questions whether scholars whose concerns lie in the field of industrial organization can contribute significant insights to the major problems of the day - inflation, declining productivity, rising costs of resources, and income allocation. Although the paper following is not a direct response to Professor Kahn's skepticism, Willard Mueller presents in it a lively attack on those who discount the importance of an activist antitrust policy. Given the rather sharply contrasting views of Professors Mueller and Kahn, Oliver Williamson's contribution is an op portune perspective of where antitrust enforcement has been in the past two decades, and where it is going in the 1980s. Part I concludes with David Audretsch's assessment of the effectiveness of the enforcement of our merger law, followed by Robert Smith's proposal that we tie antitrust action more closely and more logically to macro stabilization policies.