Efficiency, Market Dynamics and Industry Growth

by Sengupta, Jati K.; Fanchon, Phillip

• ISBN13: 9780230581913
• ISBN10: 0230581919
• Format: Hardcover
• Copyright: 2009-12-15
• Publisher: Palgrave Macmillan

Summary

This book examines the new paradigm of change in technology intensive industries, it provides theoretical and empirical analysis, using non-parametric models of efficiency.

Author Biography

Phillip Fanchon is professor of Economics at California Polytechnic State University, San Luis Obispo.

Table of Contents

List of Tables and Figures	p. vii
Preface	p. ix
Technology, Efficiency and Market Structure	p. 1
Introduction	p. 1
Technology creation and diffusion	p. 2
Efficiency models of industry growth	p. 11
Industry growth in Cournot-Nash framework	p. 21
Concluding remarks	p. 28
Efficiency Models of Industry Growth	p. 31
Introduction	p. 31
Production and cost dynamics	p. 32
Adjustment cost dynamics	p. 34
Scale economies and learning by doing	p. 36
Pareto efficiency frontier: DEA approach	p. 39
Industry growth and optimal investment	p. 47
Concluding remarks	p. 56
Growth of High-Tech Industries: Computers and Pharmaceuticals	p. 58
Introduction	p. 58
Measuring production efficiency and growth	p. 59
Stochastic frontier analysis	p. 60
DEA models	p. 64
Efficiency in the computer industry	p. 65
Efficiency in the pharmaceutical industry	p. 75
Concluding remarks	p. 83
Pricing Strategies Under Innovation	p. 85
Introduction	p. 85
R&D and market structure	p. 86
Strategies of a dominant firm	p. 91
Limit pricing with technological change and internal finance	p. 94
Appendix	p. 107
Dynamic Models of Productivity and Efficiency	p. 114
Introduction	p. 114
Dynamic DEA models	p. 114
Growth and technology	p. 118
Industry evolution and innovation	p. 120
Hypercompetitive market structures	p. 123
Efficiency and Growth of the Telecom Industry	p. 138
Introduction	p. 138
Efficiency and innovation	p. 138
Measuring efficiency	p. 146
Concluding remarks	p. 158
Index	p. 161
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