Theories of competition and market performance: multimarket competition and the source of potential entry
Article Abstract:
The proper determination of market performance and levels of static-dynamic efficiency trade-offs constitute major considerations in evaluating the theory of industrial organization. Consequently, a study of three cases of competition is conducted to determine the levels of static-dynamic efficiency trade-offs, as well as potential points of entry for new firms. The study revealed that cases of workable competition facilitate theexistence of both efficiency dimensions. In addition, it showed that instances of intermediate competition serve as effective 'welfare-theoretic yardsticks' in determining market performance.
Publication Name: De Economist
Subject: Economics
ISSN: 0013-063X
Year: 1992
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Market, innovation, competition: an evolutionary model of industrial dynamics
Article Abstract:
A model that explains the behavior of a number of competing companies producing functionally similar products is presented. Each firm looks for new processes and new combinations of processes to reduce the unit cost of production, maximize the productivity of capital and enhance the competitiveness of their products in the market. Decisions relative to investment, modernization of production, price and others are hinged on evaluations of the behavior of other competing firms and the expected response of the market.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1992
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Multimarket competition: theory and evidence
Article Abstract:
Multimarket modeling is used to analyze strategies for actual entry and preventing entry into a market. Five factors in the model are focus of rivalry, resource economizing entry, multimarket spillovers, one-sided and reciprocal entry and multimarket collusion. It was found that successful strategies required an understanding of feedback from the entry market to the home market and vice versa.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1992
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