Innovation and the Evolution of Market Structure
AbstractThis paper examines the association between innovation and the evolution of market structure. A dynamic model of market concentration is applied to seventy-three U.K. industries, 1970-79, and the results are found to be consistent with the hypothesis that innovation is deconcentrating. The results reported here and those contained in earlier work combine to suggest that innovation and changes in market concentration interact in a relatively rapid, mutually reinforcing, but rather weak, spiral of increased innovation and decreasing concentration. Copyright 1990 by Blackwell Publishing Ltd.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Industrial Economics.
Volume (Year): 38 (1990)
Issue (Month): 3 (March)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-1821
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- Dolfsma, Wilfred & van der Panne, Gerben, 2008. "Currents and sub-currents in innovation flows: Explaining innovativeness using new-product announcements," Research Policy, Elsevier, vol. 37(10), pages 1706-1716, December.
- Jeong, Kap-Young & Masson, Robert T., 2003. "A new methodology linking concentration dynamics to current and steady-state profits:Examining Korean industrial policy during take-off," International Journal of Industrial Organization, Elsevier, vol. 21(10), pages 1489-1526, December.
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