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The Evolution of New Markets

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Author Info

  • Geroski, Paul

    (Professor of Economics, London Business School; Deputy Chairman, Competition Commission)

Abstract

How do markets evolve? Why are some innovations picked up straightaway whilst others take years to be commercialized? Are there first-mover advantages? Why do we behave with 'irrational exuberance' in the early evolution of markets as was the case with the dot.com boom? Paul Geroski is a leading economist who has taught economics to business school students, managers, and executives at the London Business School. In this book he explains in a refreshingly clear style how markets develop. In particular he stresses how the early evolution of markets can significantly shape their later development and structure. His purpose is to show how a good grasp of economics can improve managers' business and investment decisions. Whilst using the development of the Internet as a case in point, Geroski also refers to other sectors and products, for example cars, television, mobile phones, and personal computers. This short book is an ideal introduction for managers, MBA students, and the general reader wanting to understand how markets evolve. Available in OSO: http://www.oxfordscholarship.com/oso/public/content/economicsfinance/0199248893/toc.html

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Bibliographic Info

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This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199248896 and published in 2003.

ISBN: 9780199248896
Order: http://ukcatalogue.oup.com/product/9780199248896.do
Handle: RePEc:oxp:obooks:9780199248896

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Citations

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Cited by:
  1. João Leitão, 2004. "Demand Pull And Supply Push In Portuguese Cable Television," Econometrics 0409011, EconWPA.
  2. Noweski, Michael, 2008. "Ausreifung von Politikfeldern - Metapher oder Theorie?," Discussion Papers, Research Group Public Health SP I 2008-304, Social Science Research Center Berlin (WZB).
  3. repec:wfo:wquart:y:2010:i:4:p:349-363 is not listed on IDEAS
  4. Möllering, Guido, 2009. "Market constitution analysis: A new framework applied to solar power technology markets," MPIfG Working Paper 09/7, Max Planck Institute for the Study of Societies.
  5. Koski, Heli & Kretschmer, Tobias, 2006. "Innovation and Dominant Design in Mobile Telephone," Discussion Papers 1012, The Research Institute of the Finnish Economy.
  6. Saras Sarasvathy & Nicholas Dew, 2005. "New market creation through transformation," Journal of Evolutionary Economics, Springer, vol. 15(5), pages 533-565, November.
  7. Möllering, Guido, 2010. "Collective market-making efforts at an engineering conference," MPIfG Discussion Paper 10/2, Max Planck Institute for the Study of Societies.
  8. Forbes, Daniel P. & Kirsch, David A., 2011. "The study of emerging industries: Recognizing and responding to some central problems," Journal of Business Venturing, Elsevier, vol. 26(5), pages 589-602, September.
  9. Holzl, Werner & Reinstaller, Andreas, 2007. "The impact of productivity and demand shocks on structural dynamics: Evidence from Austrian manufacturing," Structural Change and Economic Dynamics, Elsevier, vol. 18(2), pages 145-166, June.
  10. Cristopher Spencer & Paul Temple, 2013. "Standards, Learning and Growth in Britain 1901-2009," School of Economics Discussion Papers 0613, School of Economics, University of Surrey.
  11. Bentzen, Jan & Madsen, Erik Strøjer & Smith, Valdemar, 2006. "The Growth Opportunities for SMEs?," Working Papers 06-3, University of Aarhus, Aarhus School of Business, Department of Economics.
  12. Nair, Sujith & Paulose, Hanna, 2014. "Emergence of green business models: The case of algae biofuel for aviation," Energy Policy, Elsevier, vol. 65(C), pages 175-184.
  13. König, Raina & Stephan, Michael, 2007. "Market take-off in systemic industries: The early industry life cycle stage in the mobile payment industry," Discussion Papers on Strategy and Innovation 07-03, Department of Technology and Innovation Management (TIM), Philipps-University Marburg.
  14. J.S. Metcalfe, 2005. "Ed Mansfield and the Diffusion of Innovation: An Evolutionary Connection," The Journal of Technology Transfer, Springer, vol. 30(2_2), pages 171-181, 01.
  15. Haynes, Michelle & Thompson, Steve, 2008. "Price, price dispersion and number of sellers at a low entry cost shopbot," International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 459-472, March.
  16. Battisti, Giuliana & Iona, Alfonsina, 2009. "The intra-firm diffusion of complementary innovations: Evidence from the adoption of management practices by British establishments," Research Policy, Elsevier, vol. 38(8), pages 1326-1339, October.

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