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Books > Business & Economics > Economics > Microeconomics
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The Dynamics of Industrial Competition - A North American Perspective (Hardcover, New)
Loot Price: R3,476
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The Dynamics of Industrial Competition - A North American Perspective (Hardcover, New)
Expected to ship within 12 - 17 working days
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The Dynamics of Industrial Competition describes the internal
dynamics of industries using new and unique longitudinal data that
make it possible to track firms over time. It provides a
comprehensive picture of a number of aspects of firm turnover in
North America that arise from the competitive process - the entry
and the exit of firms, the growth and the decline of incumbent
firms, and the merger process. Instantaneous and cumulative
measures of market dynamics are provided. Since the forces
contributing to competition are varied and industries are affected
by heterogeneous forces, different aspects of firm turnover are
considered in order to provide a comprehensive overview of the
competitive process. Entry is divided into that portion coming from
the creation of new plants and that portion arising from the
acquisition of existing firms. Differences are drawn between the
effects of related and unrelated acquisitions and between the
effects of take-overs made by domestic and foreign firms.
Differences between large- and small-firm activity are also
investigated. The effects of turnover on productivity, efficiency,
wage rates, and profitability are extensively model led. Using
various measures of firm turnover to proxy the amount of
competition, the study examines and contextualizes the relationship
between industry performance and the intensity of the competitive
process.
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