Ebook: Market Evolution: Competition and Cooperation

Market Evolution: Competition and Cooperation is a selection of papers presented at the recent meeting of the European Association of Research in Industrial Economics (EARIE). The volume brings together twenty high-quality papers reflecting frontier research in modern industrial organization. The contributions cover a broad spectrum of increasing theoretical, empirical and policy issues, including analyses of the nature of the firm, product differentiation, research and development, strategic alliances, information sharing in the banking sector, exchange rate pass-through in international competition, labor unionization and product rivalry, buyer-supplier bargaining, multimarket competition and related entry, entry and exit processes, multinational enterprises in the Third World, European integration and the restructuring of Eastern Europe. From a theoretical perspective, many chapters apply game theory to the analysis of firm behaviors and market competition. Moreover, a large number of the studies contain a significant empirical part, mainly by employing econometric techniques, to test the hypotheses derived from modern industrial organization theories. Data from Belgium, Germany, the Netherlands, Portugal, the United Kingdom and the European Union are presented and analyzed.

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Market Evolution: Competition and Cooperation is a selection of papers presented at the recent meeting of the European Association of Research in Industrial Economics (EARIE). The volume brings together twenty high-quality papers reflecting frontier research in modern industrial organization. The contributions cover a broad spectrum of increasing theoretical, empirical and policy issues, including analyses of the nature of the firm, product differentiation, research and development, strategic alliances, information sharing in the banking sector, exchange rate pass-through in international competition, labor unionization and product rivalry, buyer-supplier bargaining, multimarket competition and related entry, entry and exit processes, multinational enterprises in the Third World, European integration and the restructuring of Eastern Europe. From a theoretical perspective, many chapters apply game theory to the analysis of firm behaviors and market competition. Moreover, a large number of the studies contain a significant empirical part, mainly by employing econometric techniques, to test the hypotheses derived from modern industrial organization theories. Data from Belgium, Germany, the Netherlands, Portugal, the United Kingdom and the European Union are presented and analyzed.

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Market Evolution: Competition and Cooperation is a selection of papers presented at the recent meeting of the European Association of Research in Industrial Economics (EARIE). The volume brings together twenty high-quality papers reflecting frontier research in modern industrial organization. The contributions cover a broad spectrum of increasing theoretical, empirical and policy issues, including analyses of the nature of the firm, product differentiation, research and development, strategic alliances, information sharing in the banking sector, exchange rate pass-through in international competition, labor unionization and product rivalry, buyer-supplier bargaining, multimarket competition and related entry, entry and exit processes, multinational enterprises in the Third World, European integration and the restructuring of Eastern Europe. From a theoretical perspective, many chapters apply game theory to the analysis of firm behaviors and market competition. Moreover, a large number of the studies contain a significant empirical part, mainly by employing econometric techniques, to test the hypotheses derived from modern industrial organization theories. Data from Belgium, Germany, the Netherlands, Portugal, the United Kingdom and the European Union are presented and analyzed.

Content:
Front Matter....Pages i-viii
The Study of Competition and Cooperation....Pages 1-8
Front Matter....Pages 9-9
On the Nature of the Firm....Pages 11-37
The Maximization Assumption, Profit Maximization and Not-for-Profit Hospitals....Pages 39-50
Front Matter....Pages 51-51
Should Cooperative R&D Be Subsidized?: An Empirical Analysis....Pages 53-68
Firm Size and Efficiency in R&D Spending....Pages 69-86
Commitment by Delegation: What Is “Strategic” about Strategic Alliances?....Pages 87-100
The Principle of Minimum Differentiation Revisited: Cournot versus Bertrand....Pages 101-128
Credit Market Structure and Information Sharing Mechanisms....Pages 129-143
Front Matter....Pages 145-145
Product Differentiation, Market Structure and Exchange Rate Passthrough....Pages 147-161
Imperfect Product Competition and the Capital-Labor Ratio of a Unionized Firm: Some Theory and Evidence from Belgian Manufacturing Firms....Pages 163-181
Buyer-Supplier Bargaining and Intra-Industry Competition....Pages 183-196
Capacity as a Commitment Instrument in Multi-Market Competition....Pages 197-228
Extended Rivalry and Competitive Advantage in the New Small Firm....Pages 229-241
Front Matter....Pages 243-243
The Post-Entry Performance of New Firms....Pages 245-255
Profitability and Number of Firms: Their Dynamic Interaction in Dutch Retailing....Pages 257-266
Sunk Costs and the Dynamics of Entry in Portuguese Manufacturing....Pages 267-284
Determinants of New Firm Formation in West German Regions 1986–1989: An Empirical Analysis....Pages 285-300
Front Matter....Pages 301-301
Problems of Restructuring in Eastern Europe....Pages 303-316
Principles of Economic Policy in the Common Market....Pages 317-332
Output Tradability and the Regulation of a Multinational Firm....Pages 333-346
Back Matter....Pages 347-357

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Market Evolution: Competition and Cooperation is a selection of papers presented at the recent meeting of the European Association of Research in Industrial Economics (EARIE). The volume brings together twenty high-quality papers reflecting frontier research in modern industrial organization. The contributions cover a broad spectrum of increasing theoretical, empirical and policy issues, including analyses of the nature of the firm, product differentiation, research and development, strategic alliances, information sharing in the banking sector, exchange rate pass-through in international competition, labor unionization and product rivalry, buyer-supplier bargaining, multimarket competition and related entry, entry and exit processes, multinational enterprises in the Third World, European integration and the restructuring of Eastern Europe. From a theoretical perspective, many chapters apply game theory to the analysis of firm behaviors and market competition. Moreover, a large number of the studies contain a significant empirical part, mainly by employing econometric techniques, to test the hypotheses derived from modern industrial organization theories. Data from Belgium, Germany, the Netherlands, Portugal, the United Kingdom and the European Union are presented and analyzed.

Content:
Front Matter....Pages i-viii
The Study of Competition and Cooperation....Pages 1-8
Front Matter....Pages 9-9
On the Nature of the Firm....Pages 11-37
The Maximization Assumption, Profit Maximization and Not-for-Profit Hospitals....Pages 39-50
Front Matter....Pages 51-51
Should Cooperative R&D Be Subsidized?: An Empirical Analysis....Pages 53-68
Firm Size and Efficiency in R&D Spending....Pages 69-86
Commitment by Delegation: What Is “Strategic” about Strategic Alliances?....Pages 87-100
The Principle of Minimum Differentiation Revisited: Cournot versus Bertrand....Pages 101-128
Credit Market Structure and Information Sharing Mechanisms....Pages 129-143
Front Matter....Pages 145-145
Product Differentiation, Market Structure and Exchange Rate Passthrough....Pages 147-161
Imperfect Product Competition and the Capital-Labor Ratio of a Unionized Firm: Some Theory and Evidence from Belgian Manufacturing Firms....Pages 163-181
Buyer-Supplier Bargaining and Intra-Industry Competition....Pages 183-196
Capacity as a Commitment Instrument in Multi-Market Competition....Pages 197-228
Extended Rivalry and Competitive Advantage in the New Small Firm....Pages 229-241
Front Matter....Pages 243-243
The Post-Entry Performance of New Firms....Pages 245-255
Profitability and Number of Firms: Their Dynamic Interaction in Dutch Retailing....Pages 257-266
Sunk Costs and the Dynamics of Entry in Portuguese Manufacturing....Pages 267-284
Determinants of New Firm Formation in West German Regions 1986–1989: An Empirical Analysis....Pages 285-300
Front Matter....Pages 301-301
Problems of Restructuring in Eastern Europe....Pages 303-316
Principles of Economic Policy in the Common Market....Pages 317-332
Output Tradability and the Regulation of a Multinational Firm....Pages 333-346
Back Matter....Pages 347-357
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