Technology and Market Structure: Theory and History, vol 1

John Sutton ()
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John Sutton: London School of Economics

in MIT Press Books from The MIT Press

Abstract: Economists have traditionally taken two very different approaches to studying market structure. One looks to "industry characteristics" to explain why different industries develop in different ways; the other looks to the pattern of firm growth within a "typical" industry to describe the evolution of the size distribution of firms. In his new book, John Sutton sets out a unified theory that encompasses both approaches, while generating a series of novel predictions as to how markets evolve. Using statistical analysis and a detailed examination of industry histories, he rigorously tests these new predictions. Data in the paperback edition have been revised and updated.

Keywords: market structure; industry characteristics; firm growth (search for similar items in EconPapers)
JEL-codes: B41 L1 (search for similar items in EconPapers)
Date: 2001
Edition: 1
ISBN: 0-262-69264-3
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Citations: View citations in EconPapers (43)

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