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  • ISBN: 9780262193993
  • ISBN10: 026219399X

Technology and Market Structure: Theory and History

by Sutton, John

  • List Price: $68.00
  • Binding: Hardcover
  • Publisher: MIT Press
  • Publish date: 10/23/1998
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Description: 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.
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