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Market Structure and the Firm's Market Power
The Journal of Industrial Economics, 1972There exist many possible approaches to study the rational policy of the firm holding some degree of market power. One such general approach includes the numerous oligopoly models which view each firm within a given market structure as recognizing the interdependence between its own actions and the actions of its rivals. Within this line of attack, the
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Journal of Political Economy, 1971
The principal objective of this essay is to bring together the theory of a firm's capacity decisions and certain facts of market structure which contribute to the uncertainty about the prices or revenues realized by the firm. The connecting link between the two is furnished by the fact that, under conditions of "competition among a few," the output ...
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The principal objective of this essay is to bring together the theory of a firm's capacity decisions and certain facts of market structure which contribute to the uncertainty about the prices or revenues realized by the firm. The connecting link between the two is furnished by the fact that, under conditions of "competition among a few," the output ...
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Are There “Natural” Market Structures?
Journal of Marketing, 1981This article shows that distributions of market shares in narrowly-defined product markets follow the same general pattern found in earlier studies of broad “industries” and in the economy as a whole. Typically, the structure of a market conforms to the semi-logarithmic distribution; this pattern is so pervasive as to suggest that it is a “natural ...
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Review of Economic Dynamics, 2003
Abstract I study an economy where sellers choose locations, and buyers choose which location to visit. All sellers in one location correspond to the Walrasian market while each seller in a separate location corresponds to the standard random matching model.
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Abstract I study an economy where sellers choose locations, and buyers choose which location to visit. All sellers in one location correspond to the Walrasian market while each seller in a separate location corresponds to the standard random matching model.
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The Elements of Market Structure
The Review of Economics and Statistics, 1972HE field of industrial organization has acT quired an abundance of hypotheses about what comprises market structure.1 Neoclassical analysis was premised on the firm's market share, atomistic or pure monopoly. Then came the Chamberlinian group of the 1930's, Bain's entry barriers of the 1950's, and firm size and advertising in the 1960's. This abundance
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Pricing‐to‐Market and Market Structure*
Oxford Bulletin of Economics and Statistics, 2008AbstractStimulated by imperfect competition/sticky prices framework of the new open economy macroeconomics, empirical research has reconsidered the role of exchange rates in international adjustment. This paper reassesses the link between exchange rates and traded good prices by estimating pricing‐to‐market equations for the five main euro area ...
Matteo Bugamelli, Roberto Tedeschi
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Dynamics of the Markets and Market Structure
2000The pharmaceutical industry is based on global products sold in nationally segmented markets. This segmentation is a result of divergent national regulations in the areas of public health and new product approval. Due to this national segmentation, a direct presence in the markets for end products is often necessary.
Andre Jungmittag, Guido Reger
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WAGES, STRIKES AND MARKET STRUCTURE *
Oxford Economic Papers, 1982wage variation,1 but few simultaneous equations models of wage determination and the bargaining process bridging the two. An exception is the study of Geroski, Hamlin and Knight (1982) which (in the context of a two equation cross section model of wages and strike frequency) found that high strike frequency was not associated with high wage levels ...
Geroski, Paul A +2 more
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Market Structure and Marketing Policies
European Journal of Marketing, 1978Suggests current marketing literature fails to take account of the structure of modern markets and proposes a scheme for classifying marketing situations — which has the merit of forcing attention on the effects of concentration in modern markets. States that the average manufacturer of consumer goods distributes them through independent channels ...
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Underinvestment and Market Structure [PDF]
, 1998 This paper analyses a dynamic game of investment in R&D or advertising, where current investments change future market conditions. It investigates whether underinvestment can be supported in equilibrium by the threat of escalation in investment outlays.
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