Growth Through Competition Competition Through Growth

Author : Philippe Aghion,Rachel Griffith
Publisher : MIT Press
Page : 115 pages
File Size : 43,5 Mb
Release : 2008-01-25
Category : Business & Economics
ISBN : 9780262512022

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Competition and Growth by Philippe Aghion,Rachel Griffith Pdf

Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth. The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.

Author : Hiroyuki Odagiri
Publisher : Clarendon Press
Page : 381 pages
File Size : 47,9 Mb
Release : 1992-01-23
Category : Business & Economics
ISBN : 9780191521553

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Growth through Competition, Competition through Growth by Hiroyuki Odagiri Pdf

This book examines two central aspects of Japanese management - growth pursuit by internal investment (as opposed to acquisition), and intensive competition within and between Japanese firms. It also looks at how Japanese firms maintain efficiency and flexibility under the apparently rigid system of 'lifetime' employment. The author begins by enquiring in to the financial and human aspects of the firm with a particular emphasis placed on the human side. T he motivation, behaviour, and organization of Japanese management are discussed and the consequences of Japan's management system on its industrial organization and macroeconomy are examined. Throughout the book, it is emphasized that competition is at the heart of the Japanese economy and management to the same, if not to a greater degreee than in the West. This competition is enhanced by the growth preference of Japanese management, and competition in turn makes growth feasible.

Author : Shelby D. Hunt
Publisher : SAGE Publications
Page : 321 pages
File Size : 44,6 Mb
Release : 1999-11-30
Category : Business & Economics
ISBN : 9781452221649

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A General Theory of Competition by Shelby D. Hunt Pdf

Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book. —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.

Author : Uwe Cantner,Jean-Luc Gaffard,Lionel Nesta
Publisher : Springer Science & Business Media
Page : 450 pages
File Size : 52,7 Mb
Release : 2009-07-25
Category : Business & Economics
ISBN : 9783540937777

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Schumpeterian Perspectives on Innovation, Competition and Growth by Uwe Cantner,Jean-Luc Gaffard,Lionel Nesta Pdf

Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.

Author : Joel E. Urbany
Publisher : Unknown
Page : 128 pages
File Size : 55,6 Mb
Release : 2010
Category : Corporations
ISBN : 1780344171

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Grow by Focusing on what Matters by Joel E. Urbany Pdf

Growth and competitive advantage are about effective positioning. Building effective positioning is challenging today for firms facing new and stronger competition, volatile and uncertain markets, and shifting customer desires and demands. The 3-Circle Model facilitates speed of understanding and action by focusing attention on the most critical strategy concepts in this uncertain environment. Growth strategy emerges in the model from systematically addressing four key strategy directives in a deep and disciplined way: define, build, and defend the unique value you create for customers; correct, eliminate, or reveal value that is failing customers or of which they're not aware; potentially neutralize the unique value created for customers by competitors; explore and exploit new growth opportunities through deep understanding of customers' unmet needs.

Author : William S. Comanor,Akira Goto,Leonard Waverman
Publisher : Routledge
Page : 462 pages
File Size : 49,8 Mb
Release : 2005-10-26
Category : Business & Economics
ISBN : 9781134766406

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Competition Policy in the Global Economy by William S. Comanor,Akira Goto,Leonard Waverman Pdf

This volume examines the complexities involved when international co-ordination and harmonization of competition law and policy are considered.

Author : Thomas Philippon
Publisher : Belknap Press
Page : 361 pages
File Size : 53,5 Mb
Release : 2019
Category : Business & Economics
ISBN : 9780674237544

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The Great Reversal by Thomas Philippon Pdf

American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.

Author : Jonathan Tepper
Publisher : John Wiley & Sons
Page : 349 pages
File Size : 41,6 Mb
Release : 2023-04-25
Category : Business & Economics
ISBN : 9781394184064

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The Myth of Capitalism by Jonathan Tepper Pdf

The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.

Author : Joel E. Urbany
Publisher : Business Expert Press
Page : 232 pages
File Size : 47,6 Mb
Release : 2011-01-29
Category : Business & Economics
ISBN : 1606490931

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Grow by Focusing on What Matters by Joel E. Urbany Pdf

Growth and competitive advantage are about effective positioning. Building effective positioning is challenging today for firms facing new and stronger competition, volatile and uncertain markets, and shifting customer desires and demands. The 3-Circle Model facilitates speed of understanding and action by focusing attention on the most critical strategy concepts in this uncertain environment. Growth strategy emerges in the model from systematically addressing four key strategy directives in a deep and disciplined way: define, build, and defend the unique value you create for customers; correct, eliminate, or reveal value that is failing customers or of which they're not aware; potentially neutralize the unique value created for customers by competitors; explore and exploit new growth opportunities through deep understanding of customers' unmet needs.

Author : National Bureau of Economic Research
Publisher : Princeton University Press
Page : 647 pages
File Size : 52,8 Mb
Release : 2015-12-08
Category : Political Science
ISBN : 9781400879762

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The Rate and Direction of Inventive Activity by National Bureau of Economic Research Pdf

The papers here range from description and analysis of how our political economy allocates its inventive effort, to studies of the decision making process in specific industrial laboratories. Originally published in 1962. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author : United States. Advisory Commission on Intergovernmental Relations
Publisher : Unknown
Page : 100 pages
File Size : 53,9 Mb
Release : 1980
Category : Intergovernmental tax relations
ISBN : UOM:39015084841447

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Regional Growth: Interstate tax competition by United States. Advisory Commission on Intergovernmental Relations Pdf

Author : Richard A. D'Aveni,Robert E. Gunther,Joni Cole
Publisher : Simon and Schuster
Page : 346 pages
File Size : 47,5 Mb
Release : 2001
Category : Competition
ISBN : 9780684871806

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Strategic Supremacy by Richard A. D'Aveni,Robert E. Gunther,Joni Cole Pdf

HYPER-COMPETITION, 'the modern-day analogue to The Art of War' (Fortune), gave managers no holds barred strategies to create chaos, seize control of their industries, and rout rivals. Now, Richard D'Aveni shows how managers in large and mid-size global companies can defend themselves from these hyper-competitive attacks, squash revolutionary upstarts, and fashion a favourable world for themselves. Throughout history, great powers have built and reshaped their territory, absorbeed or deflected revolutions (most of which fail anyway), and managed their relations with one overriding aim: strategic supremacy. Here, D'Aveni demonstrates how global corporations can do likewise in a hyper-competitive world. They must reconceptualize traditional portfolios into powerful competitive arsenals he calls 'spheres of interest' (like Disney and Microsoft); douse disruptions using counter-revolutionary tactics (Anheuser-Busch bought the microbrew industry); contain competitors of equal size (like NBC did ABD; and master the art of competitive configuration (like Proctor & Gamble and Johnson & Johnson).

Author : Bartosz Deszczyński
Publisher : Springer Nature
Page : 294 pages
File Size : 45,9 Mb
Release : 2021-03-25
Category : Business & Economics
ISBN : 9783030673383

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Firm Competitive Advantage Through Relationship Management by Bartosz Deszczyński Pdf

Relationship management (RM) is an essential part of business, but its success as a business model can be hard to measure, with some firms embracing a model that is truly relationship-orientated, while others claim to be relationship-orientated but in fact prefer transactional short-term gain. This open access book aims to develop a mid-range theory of relationship management, examining truly relationship-orientated firms to discover not only what qualities these firms have that make them successful at the RM model, but also what benefits this model has for the firm. It addresses questions like how RM-mature companies achieve and sustain competitive advantage, and what determines the scale and scope of these firms, illustrating with case studies. This book will be of interest to scholars studying leadership and strategy, especially those interested in relationship management, business ethics and corporate social responsibility. It will also be of interest to professionals looking to develop their understanding of relationship management.

Author : Ivan Pavletic
Publisher : vdf Hochschulverlag AG
Page : 235 pages
File Size : 44,9 Mb
Release : 2010
Category : Business & Economics
ISBN : 9783728132963

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Political Competition, Economic Reform and Growth by Ivan Pavletic Pdf

Which political and institutional factors trigger reforms that enable the poor to benefit from the process of economic growth? How can the incentives of policy makers be influenced in order to achieve such a dynamic? These are the questions this study seeks to address by examining the transition process in post-communist countries. The author argues that political competition within an accepted and respected institutional environment has been a driving force in shaping the direction and success of transition reforms. Evidence shows that in countries with a sufficient degree of political competition, citizens responded to economic crises by calling for economic liberalization. Economic liberalization removed existing distortions, increased economic efficiency and raised public welfare. This activated a dynamic, self-enforcing reform process that also strengthened the political and economic power of the poor. In the absence of political competition, such a process failed to emerge, thereby contributing to the persistence of poverty. Based on these findings, there is good reason to postulate that some level of political competition is essential for transition reforms to improve economic efficiency and public welfare in a sustainable manner.

Author : Kenneth George,Caroline Joll,E L Lynk
Publisher : Routledge
Page : 484 pages
File Size : 46,8 Mb
Release : 2005-08-11
Category : Business & Economics
ISBN : 9781134898626

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Industrial Organization by Kenneth George,Caroline Joll,E L Lynk Pdf

As most economies remain caught in a global recession, that shows little sign of abatement, the importance of maintaining a flourishing industrial sector for the economic wellbeing of a country has rarely been so relevant. Industrial Organisation has long served as a basic introduction to this subject. The book is concerned with economic problems and policy issues that arise from the activities of firms. The authors reject the traditional micro-economic analysis of market structure in favour of studying conduct and performance in the context of macro-economic policy and the environment which this provides for firms. Substantially revised and updated to take account of developments in the subject since the publication of the last edition, Industrial Organization includes four new chapters which reflect the major new areas of interest in industrial economics over the last decade. These include the increasing importance of the service sector and problems of relatively low productivity growth within this, and questions relating to increased levels of international competition in a more open world economy. This is a comparative study, drawing on empirical evidence from the UK, USA and the EC. Mathematical and econometric requirements are kept to a minimum, and the text has long been regarded as the most accessible introduction to the subject.