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Technology and Market Structure: Theory and History

Author

Listed:
  • John Sutton

    (London School of Economics)

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.

Suggested Citation

  • John Sutton, 2001. "Technology and Market Structure: Theory and History," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262692643, December.
    • Handle: RePEc:mtp:titles:0262692643
    as

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    More about this item

    Keywords

    market structure; industry characteristics; firm growth;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

    Statistics

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