Industry Dynamics with Strategic Entry and Exit

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Publisher : ProQuest
ISBN 13 : 9780549833536
Total Pages : 115 pages
Book Rating : 4.8/5 (335 download)

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Book Synopsis Industry Dynamics with Strategic Entry and Exit by : Qiaowei Shen

Download or read book Industry Dynamics with Strategic Entry and Exit written by Qiaowei Shen and published by ProQuest. This book was released on 2000 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Industry Dynamics with Strategic Entry and Exit

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Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.:/5 (34 download)

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Book Synopsis Industry Dynamics with Strategic Entry and Exit by : Qiaowei Shen

Download or read book Industry Dynamics with Strategic Entry and Exit written by Qiaowei Shen and published by . This book was released on 2008 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Barriers to Entry and Strategic Competition

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Publisher : Taylor & Francis
ISBN 13 : 1136456899
Total Pages : 113 pages
Book Rating : 4.1/5 (364 download)

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Book Synopsis Barriers to Entry and Strategic Competition by : P. Gilbert Geroski

Download or read book Barriers to Entry and Strategic Competition written by P. Gilbert Geroski and published by Taylor & Francis. This book was released on 2013-06-17 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume discusses crucial issues in the overlap between industrial organization and strategic management.

Entry, exit and market dynamics

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Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (17 download)

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Book Synopsis Entry, exit and market dynamics by : Paul A. Geroski

Download or read book Entry, exit and market dynamics written by Paul A. Geroski and published by . This book was released on 1987 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Market Share Dynamics and Entry/exit Turbulence in Industrial Markets

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (594 download)

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Book Synopsis Market Share Dynamics and Entry/exit Turbulence in Industrial Markets by : J. Sutton

Download or read book Market Share Dynamics and Entry/exit Turbulence in Industrial Markets written by J. Sutton and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Dynamics of Entry and Market Evolution

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Publisher : Springer
ISBN 13 : 0230211011
Total Pages : 161 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Dynamics of Entry and Market Evolution by : J. K. Sengupta

Download or read book Dynamics of Entry and Market Evolution written by J. K. Sengupta and published by Springer. This book was released on 2007-05-16 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses both competitive and game theory models of industry growth through new technology, innovations and new entry, and provides a comprehensive treatment of various dynamic models of entry, applications of efficiency and entry models in computers and the pharmaceuticals industry, and applied models of Differential Games.

Commitment

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Publisher :
ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis Commitment by : Pankaj Ghemawat

Download or read book Commitment written by Pankaj Ghemawat and published by . This book was released on 1991 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author examines commitment - the tendency of business strategies to persist over time - and demonstrates with actual company examples how current decisions are constrained by past decisions and future decisions by current ones. Topics covered include four business conditions facing managers who look to the future: locked-in - when a company maintains a strategy as a result of massive investment; locked-out - the cost of lost opportunities that can never be pursued again; lags - making it imperative to stick with a strategy until certain key results are achieved; inertia - the tendency of a company to preserve the status quo. The text also attempts to explain why one company's performance differs from its competitors.

Entry, Exit, and the Determinants of Market Structure

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Publisher :
ISBN 13 :
Total Pages : 55 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Entry, Exit, and the Determinants of Market Structure by : Timothy Dunne

Download or read book Entry, Exit, and the Determinants of Market Structure written by Timothy Dunne and published by . This book was released on 2014 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all important determinants of long run firm values and market structure. As the number of firms in the market increases, the value of continuing in the market and the value of entering the market both decline, the probability of exit rises, and the probability of entry declines. The magnitude of these effects differ substantially across markets due to differences in exogenous cost and demand factors and across the dentist and chiropractor industries. Simulations using the estimated model for the dentist industry show that pressure from both potential entrants and incumbent firms discipline long-run profits. We calculate that a seven percent reduction in the mean sunk entry cost would reduce a monopolist firm's long-run profits by the same amount as if the firm operated in a duopoly.

Market Dynamics and Productivity in Developing Countries

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Publisher : IDRC
ISBN 13 : 1441912088
Total Pages : 181 pages
Book Rating : 4.4/5 (419 download)

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Book Synopsis Market Dynamics and Productivity in Developing Countries by : Khalid Sekkat

Download or read book Market Dynamics and Productivity in Developing Countries written by Khalid Sekkat and published by IDRC. This book was released on 2010 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: To what degree are trade liberalization, productivity, and economic growth correlated? Can economic policies designed to encourage competition and curtail industry protection result in large-scale improvements, such as increased innovation and reduced unemployment? After 20 years of economic reform in the Middle East and North Africa (MENA), economic performance is still lagging behind many regions of the world. Even in those countries that are the most advanced in implementing reforms, including Egypt, Jordan, Morocco and Tunisia, industries with low productivity growth and high market power continue to dominate. Moreover, the termination of the Multi-Fiber Agreement and the negotiations concerning further liberalization of trade in agricultural products (under the framework of the World Trade Organization) put these and other countries under pressure of fierce competition from emerging nations. Recent empirical evidence on the impact of reforms in a number of developing countries shows that such persistence of inefficiency and market power is specific to MENA. Showcasing in-depth analyses from Jordan, Morocco, Tunisia, and Turkey (with comparative data from Asia and Latin America), this book focuses on the dynamics of firm entry and exit to help explain the low productivity of the region. The results suggest a number of policy recommendations designed to foster competition, which, in turn, would contribute to innovation, productivity growth, and improved return on capital investments. The book not only reveals important correlations among policy and market factors in MENA, but suggests fruitful areas of research in other developing regions of the world.

Entry, Exit, and the Determinants of Market Structure

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (437 download)

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Book Synopsis Entry, Exit, and the Determinants of Market Structure by :

Download or read book Entry, Exit, and the Determinants of Market Structure written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Market structure is determined by the entry and exit decisions of individual producers. These decisions are driven by expectations of future profits which, in turn, depend on the nature of competition within the market. In this paper we estimate a dynamic, structural model of entry and exit in an oligopolistic industry and use it to quantify the determinants of market structure and long-run firm values for two U.S. service industries, dentists and chiropractors. We find that entry costs faced by potential entrants, fixed costs faced by incumbent producers, and the toughness of short-run price competition are all important determinants of long run firm values and market structure. As the number of firms in the market increases, the value of continuing in the market and the value of entering the market both decline, the probability of exit rises, and the probability of entry declines. The magnitude of these effects differ substantially across markets due to differences in exogenous cost and demand factors and across the dentist and chiropractor industries. Simulations using the estimated model for the dentist industry show that pressure from both potential entrants and incumbent firms discipline long-run profits. We calculate that a seven percent reduction in the mean sunk entry cost would reduce a monopolist's long-run profits by the same amount as if the firm operated in a duopoly.

Entry and Exit

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Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.:/5 (123 download)

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Book Synopsis Entry and Exit by : Robert Wilson

Download or read book Entry and Exit written by Robert Wilson and published by . This book was released on 1987 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses of industrial competition have attained a new vigor with the application of game-theoretic methods. The process of competition is represented in models that reflect genuine struggles for entry, market power, and continuing survival. Dynamics and informational effects are captured explicitly, although so far only in simplified formulations. Chapter one presents a few of the models developed recently to study competitive processes that affect a firm's entry into a market, and the decision to exit. The focus is on firms' strategies to gain or protect monopoly power. We omit the ordinary sort of daily battles for market share; the intent is to study battles for survival. That is, we study competition as economic warfare. Chapter 2 examines in more detail wars of attrition intended to drive out competitors. Chapter 3 returns to the theme of entry deterrence via limit pricing strategies. Chapter 4 considers the maintenance of monopoly prices by the threat of price wars. Chapter 5 examines firms' incentives to obtain powers of commitment via the timing of capacity additions. Finally Chapter 6 establishes the role of reputational effects in collusive situations with complete information. Concluding remarks are presented in Chapter 7 and bibliographic references in Chapter 8.

Understanding Business Dynamics

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Publisher : National Academies Press
ISBN 13 : 0309104920
Total Pages : 201 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Understanding Business Dynamics by : National Research Council

Download or read book Understanding Business Dynamics written by National Research Council and published by National Academies Press. This book was released on 2007-05-05 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. economy is highly dynamic: businesses open and close, workers switch jobs and start new enterprises, and innovative technologies redefine the workplace and enhance productivity. With globalization markets have also become more interconnected. Measuring business activity in this rapidly evolving environment increasingly requires tracking complex interactions among firms, establishments, employers, and employees. Understanding Business Dynamics presents strategies for improving the accuracy, timeliness, coverage, and integration of data that are used in constructing aggregate economic statistics, as well as in microlevel analyses of topics ranging from job creation and destruction and firm entry and exit to innovation and productivity. This book offers recommendations that could be enacted by federal statistical agencies to modernize the measurement of business dynamics, particularly the production of information on small and young firms that can have a disproportionately large impact in rapidly expanding economic sectors. It also outlines the need for effective coordination of existing survey and administrative data sources, which is essential to improving the depth and coverage of business data.

Competitive Strategy

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Publisher : Simon & Schuster
ISBN 13 : 9780684005775
Total Pages : 396 pages
Book Rating : 4.0/5 (57 download)

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Book Synopsis Competitive Strategy by : Michael E. Porter

Download or read book Competitive Strategy written by Michael E. Porter and published by Simon & Schuster. This book was released on 1998 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this pathbreaking book, Michael E. Porter unravels the rules that govern competition and turns them into powerful analytical tools to help management interpret market signals and forecast the direction of industry development.

Computable Markov-Perfect Industry Dynamics

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Computable Markov-Perfect Industry Dynamics by : Ulrich Doraszelski

Download or read book Computable Markov-Perfect Industry Dynamics written by Ulrich Doraszelski and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a general model of dynamic competition in an oligopolistic industry with investment, entry, and exit. To ensure that there exists a computationally tractable Markov perfect equilibrium, we introduce firm heterogeneity in the form of randomly drawn, privately known scrap values and setup costs into the model. Our game of incomplete information always has an equilibrium in cutoff entry/exit strategies. In contrast, the existence of an equilibrium in the Ericson & Pakes (1995) model of industry dynamics requires admissibility of mixed entry/exit strategies, contrary to the assertion in their paper, that existing algorithms cannot cope with. In addition, we provide a condition on the model's primitives that ensures that the equilibrium is in pure investment strategies. Building on this basic existence result, we first show that a symmetric equilibrium exists under appropriate assumptions on the model's primitives. Second, we show that, as the distribution of the random scrap values/setup costs becomes degenerate, equilibria in cutoff entry/exit strategies converge to equilibria in mixed entry/exit strategies of the game of complete information. Finally, we provide the first example of multiple symmetric equilibria in this literature.

Stochastic Games and Applications

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Publisher : Springer Science & Business Media
ISBN 13 : 9401001898
Total Pages : 466 pages
Book Rating : 4.4/5 (1 download)

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Book Synopsis Stochastic Games and Applications by : Abraham Neyman

Download or read book Stochastic Games and Applications written by Abraham Neyman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is based on lectures given at the NATO Advanced Study Institute on "Stochastic Games and Applications," which took place at Stony Brook, NY, USA, July 1999. It gives the editors great pleasure to present it on the occasion of L.S. Shapley's eightieth birthday, and on the fiftieth "birthday" of his seminal paper "Stochastic Games," with which this volume opens. We wish to thank NATO for the grant that made the Institute and this volume possible, and the Center for Game Theory in Economics of the State University of New York at Stony Brook for hosting this event. We also wish to thank the Hebrew University of Jerusalem, Israel, for providing continuing financial support, without which this project would never have been completed. In particular, we are grateful to our editorial assistant Mike Borns, whose work has been indispensable. We also would like to acknowledge the support of the Ecole Poly tech nique, Paris, and the Israel Science Foundation. March 2003 Abraham Neyman and Sylvain Sorin ix STOCHASTIC GAMES L.S. SHAPLEY University of California at Los Angeles Los Angeles, USA 1. Introduction In a stochastic game the play proceeds by steps from position to position, according to transition probabilities controlled jointly by the two players.

Competitive Strategy

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781548981518
Total Pages : 28 pages
Book Rating : 4.9/5 (815 download)

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Book Synopsis Competitive Strategy by : Michael E. Porter

Download or read book Competitive Strategy written by Michael E. Porter and published by Createspace Independent Publishing Platform. This book was released on 2017-07-17 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Porter's five forces analysis is a framework for analyzing the level of competition within an industry and business strategy development. It draws upon industrial organization (IO) economics to derive five forces that determine the competitive intensity and therefore the attractiveness of an industry. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. A very unattractive industry would be one approaching "pure competition," in which available profits for all firms are driven to normal profit. This analysis is associated with its principal innovator Michael E. Porter of Harvard University. This updated and expanded second edition of Book provides a user-friendly introduction to the subject, Taking a clear structural framework, it guides the reader through the subject's core elements. A flowing writing style combines with the use of illustrations and diagrams throughout the text to ensure the reader understands even the most complex of concepts. This succinct and enlightening overview is a required reading for all those interested in the subject . We hope you find this book useful in shaping your future career & Business.

High Probability Trading Strategies

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Publisher : John Wiley & Sons
ISBN 13 : 047044729X
Total Pages : 292 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis High Probability Trading Strategies by : Robert C. Miner

Download or read book High Probability Trading Strategies written by Robert C. Miner and published by John Wiley & Sons. This book was released on 2008-11-03 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: In High Probability Trading Strategies, author and well-known trading educator Robert Miner skillfully outlines every aspect of a practical trading plan–from entry to exit–that he has developed over the course of his distinguished twenty-plus-year career. The result is a complete approach to trading that will allow you to trade confidently in a variety of markets and time frames. Written with the serious trader in mind, this reliable resource details a proven approach to analyzing market behavior, identifying profitable trade setups, and executing and managing trades–from entry to exit.