Firm Size, Innovation and Market Structure uses evolutionary
dynamic theory, non-linear mathematics and computer simulation
techniques to explore the relationship between firm size,
innovation and market structure. The book begins by reviewing the
connection between these variables from a theoretical and an
empirical point of view, and goes on to illustrate how analytical
tools may be used in order to explore Schumpeterian propositions
regarding firm size, innovation and the specific role of
idiosyncratic events. In the concluding chapter, Mariana Mazzucato
focuses on the US automobile industry from 1900-1997, and uses
empirical evidence in order to determine whether or not there is a
relationship between market share instability and stock price
volatility, and to what degree the relationship is connected to
industry specific factors. This innovative new book will prove
invaluable to researchers, lecturers and scholars of industrial
organisation, technology and market structure.
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