Technology and Market Structure 在线电子书 pdf 下载 txt下载 epub 下载 mobi 下载 2024

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John Sutton 作者

MIT Press

译者

2001-4-18 出版日期

692 页数

GBP 49.95 价格

Paperback

丛书系列

9780262692649 图书编码

Technology and Market Structure 在线电子书图书标签: 经济学经济全球化/Globalization technology RL@LSE LSE

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发表于2024-07-02

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Technology and Market Structure 在线电子书 epub 下载 mobi 下载 pdf 下载 txt 下载 2024

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Traditionally, the field of industrial organization has relied on two unrelated theories--the cross-section theory and the growth-of-firms theory--to explain cross-industry differences in concentration and within-industry skewness. The two approaches are based on very different mathematical structures and few researchers have attempted to relate them to each other.In this book, John Sutton unifies the two approaches through a theory that rests on three simple principles. The first two, a "survivor principle" that says that firms will not pursue loss-making strategies, and an "arbitrage principle" that says that if a profitable opportunity is available, some firm will take it, suffice to define a set of possible outcomes. The third, the "symmetry principle," says that the strategy used by a new entrant into any submarket depends neither on the entrants identity nor on its history in other submarkets. This allows researchers to bring together the roles of strategic interactions and of independence effects. The result is that the considerations motivating the cross-section tradition and those motivating the growth-of-firms tradition both drop out within a single game-theoretic model.This book follows Sutton's Sunk Costs and Market Structure, published by MIT Press in 1991.

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