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Download Efficiency, Market Dynamics and Industry Growth by Jati Sengupta, Phillip Fanchon (auth.) PDF

By Jati Sengupta, Phillip Fanchon (auth.)

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30 Efficiency, Market Dynamics and Industry Growth Mazzucato, M. (2000) Firm Size, Innovation and Market Structure. Edward Elgar, Cheltenham, UK. R. L. (1992) Empirical Measurement and Analysis of Productivity and Technological Change. Amsterdam: North Holland. Reynolds, S. ” International Economic Review, 28, 60–88. M. ” Journal of Political Economy, 94, 1002–37. Schmalensee, R. ” Journal of Political Economy, 89, 1228–38. Schumpeter, J. (1942) Capitalism, Socialism and Democracy. New York: Harper Brothers.

30 Efficiency, Market Dynamics and Industry Growth Mazzucato, M. (2000) Firm Size, Innovation and Market Structure. Edward Elgar, Cheltenham, UK. R. L. (1992) Empirical Measurement and Analysis of Productivity and Technological Change. Amsterdam: North Holland. Reynolds, S. ” International Economic Review, 28, 60–88. M. ” Journal of Political Economy, 94, 1002–37. Schmalensee, R. ” Journal of Political Economy, 89, 1228–38. Schumpeter, J. (1942) Capitalism, Socialism and Democracy. New York: Harper Brothers.

The appro- Technology, Efficiency and Market Structure 21 priate model for this framework is a dynamic differential game in a Cournot-Nash framework. 4. Industry growth in Cournot-Nash framework We consider now the emergence of noncompetitive market structure due to efficiency gains and explain how these structures evolve over time. Efficiency gains are due to increasing capacity investments, which tend to reduce unit costs. , investment in knowledge capital, new innovations or new product development as in Schumpeterian dynamics.

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