Market Structure: Theory and Evidence1 - London School of …
https://personal.lse.ac.uk/sutton/market_structure_theory_evidence.pdf
IntroductionQuality Choice ModelA Limiting Case2.3 A Theoretical FrameworkA Nonconvergence TheoremINTERPRETING ALPHA2.6 Markets and Submarkets: The R&D vs. Concentration Relationy ( u )3.2 A Bounds Approach to the Size Distribution3.3 The Size Distribution: A Game Theoretic Approach3.4 The Size Distribution: Empirical Evidence5.2 Can ‘Increasing Returns’ Explain Concentration?6 Unanswered Questions and Current ResearchBounds and ‘Single Industry Studies’: Capabilities: The bridge from the ‘stochastic process’ model just explored, to a game-theoretic analysis, rests on the idea of ‘markets and submarkets’, developed in Section 2.6 above. Here, we focus on the limiting case of a market that contains many independent submarkets, between which there are no linkages, either on the demand side or the supply side. In t... File Size: 855KB Page Count: 117
The bridge from the ‘stochastic process’ model just explored, to a game-theoretic analysis, rests on the idea of ‘markets and submarkets’, developed in Section 2.6 above. Here, we focus on the limiting case of a market that contains many independent submarkets, between which there are no linkages, either on the demand side or the supply side. In t...
File Size: 855KB
Page Count: 117
DA: 28 PA: 75 MOZ Rank: 54
