Structural Holes

Structural Holes PDF

Author: Ronald S. Burt

Publisher: Harvard University Press

Published: 2009-06-30

Total Pages: 325

ISBN-13: 0674029097

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Ronald Burt describes the social structural theory of competition that has developed through the last two decades. The contrast between perfect competition and monopoly is replaced with a network model of competition. The basic element in this account is the structural hole: a gap between two individuals with complementary resources or information. When the two are connected through a third individual as entrepreneur, the gap is filled, creating important advantages for the entrepreneur. Competitive advantage is a matter of access to structural holes in relation to market transactions.

Market Structure and Competition Policy

Market Structure and Competition Policy PDF

Author: George Norman

Publisher: Cambridge University Press

Published: 2000-11-30

Total Pages: 309

ISBN-13: 1139428586

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This 2000 text applies modern advances in game theory to the analysis of competition policy and develops some of the theoretical and policy concerns associated with the pioneering work of Louis Phlips. Containing contributions by leading scholars from Europe and North America, this book observes a common theme in the relationship between the regulatory regime and market structure. Since the inception of the new industrial organization, economists have developed a better understanding of how real-world markets operate. These results have particular relevance to the design and application of anti-trust policy. Analyses indicate that picking the most competitive framework in the short run may be detrimental to competition and welfare in the long run, concentrating the attention of policy makers on the impact on the long-run market structure. This book provides essential reading for graduate students of industrial and managerial economics as well as researchers and policy makers.

Sunk Costs and Market Structure

Sunk Costs and Market Structure PDF

Author: John Sutton

Publisher: MIT Press

Published: 1991

Total Pages: 600

ISBN-13: 9780262193054

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Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors.

Resource Competition and Community Structure

Resource Competition and Community Structure PDF

Author: David Tilman

Publisher: Princeton University Press

Published: 1982-08-21

Total Pages: 312

ISBN-13: 9780691083025

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One of the central questions of ecology is why there are so many different kinds of plants and animals. Here David Tilman presents a theory of how organisms compete for resources and the way their competition promotes diversity. Developing Hutchinson's suggestion that the main cause of diversity is the feeding relations of species, this book builds a mechanistic, resource-based explanation of the structure and functioning of ecological communities. In a detailed analysis of the Park Grass Experiments at the Rothamsted Experimental Station in England, the author demonstrates that the dramatic results of these 120 years of experimentation are consistent with his theory, as are observations in many other natural communities. The consumer-resource approach of this book is applicable to both animal and plant communities, but the majority of Professor Tilman's discussion concentrates on the structure of plant communities. All theoretical arguments are developed graphically, and formal mathematics is kept to a minimum. The final chapters of the book provide some testable speculations about resources and animal communities and explore such problems as the evolution of "super species," the differences between plant and animal community diversity patterns, and the cause of plant succession.

The Effects of Competition

The Effects of Competition PDF

Author: George Symeonidis

Publisher: MIT Press

Published: 2002-01-18

Total Pages: 558

ISBN-13: 9780262264655

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A theoretical and empirical study of the effects of competition across a broad range of industries. Policies to promote competition are high on the political agenda worldwide. But in a constantly changing marketplace, the effects of more intense competition on firm conduct, market structure, and industry performance are often hard to distinguish. This study combines game-theoretic models with empirical evidence from a "natural experiment" of policy reform. The introduction in the United Kingdom of the 1956 Restrictive Trade Practices Act led to the registration and subsequent abolition of explicit restrictive agreements between firms and the intensification of price competition across a range of manufacturing industries. An equally large number of industries were not affected by the legislation. Using data from before and after the 1956 act, this book compares the two groups of industries to determine the effect of price competition on concentration, firm and plant numbers, profitability, advertising intensity, and innovation. The book avoids two problems common to empirical studies of competition: how to measure the intensity of competition and how to unravel the links between competition and other variables. Because the change in the intensity of competition had an external cause, there is no need to measure the intensity of competition directly, and it is possible to identify one-way causal effects when estimating the impact of competition. The book also examines issues such as the industries in which collusion is more likely to occur; the effect of cartels and cartel laws on market structure and profitability; the links between competition, advertising, and innovation; and the constraints on the exercise of merger and antitrust policies.

Power Structure

Power Structure PDF

Author: John E. Kwoka Jr.

Publisher: Springer Science & Business Media

Published: 2007-08-28

Total Pages: 200

ISBN-13: 0585229651

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Power Structure examines the effects on economic performance of several key features of the U.S. electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price. These issues are important for a number of reasons. The U.S. electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the U.S. has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.

Competition in the Open Economy

Competition in the Open Economy PDF

Author: Richard E. Caves

Publisher: Harvard University Press

Published: 1980

Total Pages: 468

ISBN-13: 9780674154254

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With the nations of the world becoming more interdependent, it is imperative to take international influences into account in understanding the organization of industry within a country. This book extends the structure/conduct/performance framework of analysis to present a fully specified simultaneous equation model of an open economy--Canada. By estimating a system of equations of all the major variables, the authors can identify which variables are dependent and which are independent. They are thus able to assess the relative importance of such factors as seller concentration, import competition, retailing structure, advertising expenditure, research and development spending, and technical and allocative efficiency in shaping the organization of industry in Canada. In addition, using both industry-level and firm-level data, the authors develop methods for assessing the effect of structural variables on diversification strategies and the consequences for market performance. They also study the effects of such variables on firms' access to capital markets. The book concludes with a discussion of the implications of the findings for government policy.

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