Efficiency, Market Dynamics and Industry Growth

The dynamics of industry growth, technology and globalization have a dramatic impact on the current economic growth of nations, significantly changing the market structure and world trade, and challenging the competitive equilibrium and their guiding principles. In the world of innovations and spill-over of R&D effects, various forms of non-competitive market structures have evolved in recent times. This book analyzes the new paradigm of change in technology intensive industries, with an emphasis in three main areas; non-parametric models of growth, sources of industry growth and non-competitive market structures in a dynamic framework. The authors to this volume utilise theoretical and empirical analysis to examine the role of R&D investment and Solow-type technical progress, using the non-parametric methods of efficiency analysis, also known as Data Envelopment Analysis. This book is essential reading for all interested in economic theory and innovation.

Autorentext

JATI K. SENGUPTAis professor of Economics at the University of California. He has published over 300 refereed articles and several books in economic theory, Data Envelopment Analysis, and operations research.

PHILLIP FANCHON has published numerous articles and books in quantitative methods and applied economics. He has taught at the University of Rhode Island, University of Nevada, and University of California. He is Professor Emeritus at California Polytechnic, and currently Visiting Professor at the University of Paris.

Inhalt
Technology, Efficiency and Market Structure Introduction Technology Creation and Diffusion Efficiency Models of Industry Growth Industry Growth in Cournot-Nash Framework Concluding Remarks Efficiency Models of Industry Growth Introduction Production and Cost Dynamics Adjustment Cost Dynamics Scale Economies and Learning by Doing Pareto Efficiency Frontier: DEA approach Industry Growth and Optimal Investment Concluding Remarks Growth of High-Tech industries: Computers and Pharmaceuticals Introduction Measuring Production Efficiency and Growth Stochastic Frontier Analysis DEA Models Efficiency in Computer Industry Efficiency in Pharmaceutical Industry Concluding Remarks Pricing Strategies under Innovations Introduction R&D and Market Structure Strategies of a Dominant Firm Limit Pricing with Technological Change and Internal Finance Appendix Dynamic Models of Productivity and Efficiency Introduction Dynamic DEA Models Growth and Technology Industry Evolution and Innovation Hypercompetitive Market Structures Efficiency and Growth of the Telecom Industry Introduction Entry and Efficiency Market Deregulation Capital Expenditures Geographic Separation of Markets R&D and Productivity Measuring Efficiency Ingredients for Efficiency Concluding Remarks