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Firm Size, Innovation And Market Structure |
Mariana Mazzucato, Professor in Economics of Innovation, Open University, UK
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| 2000 |
160 pp |
Hardback |
978 1 84064 346 6 |
£53.00 |
on-line discount
£47.70 |
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‘Her [Mariana Mazzucato’s] work represents an important alternative approach to conventional theories on market structure and the evolution of industries as well as on the innovation and diffusion of new technologies within them. She models her hypotheses in a simple but rigorous way which enables not only new insights to be gained on the subject but also allows the reader to learn about computer simulation methodology and issues related to complexity. The balanced nature of the book makes it very appealing to researchers in the area; a wide literature survey; an introduction to formal economic models on the issue (with topics also raised in complexity theory), and an empirical section.’
– Willi Semmler, University of Bielefeld, Germany
‘Mariana Mazzucato’s Firm Size, Innovation and Market Structure is a stimulating exploration of the rapidly emerging field of evolutionary industrial organization. Mazzucato’s research, which combines the insights of the classical economic tradition with the cutting-edge methodology of contemporary evolutionary and complex systems theory, provides a promising model for work in the field and poses a host of researchable and compelling questions. Students interested in pursuing the lines of enquiry pioneered by Schumpeter, Nelson, Winter and Dosi will find this book an invaluable resource.’
– Duncan K. Foley, New School University, US
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.
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Contents: Introduction 1. Firm-Size Dynamics: New Ideas and Dynamic Methods 2. A Computational Model of Economies of Scale and Market Share Instability: A Deterministic Analysis 3. The Effect of Idiosyncratic Events on the Feedback between Firm Size and Innovation: A Stochastic Analysis 4. Market Share Instability and Stock Price Volatility during the Industry Life-Cycle: The US Automobile Industry Concluding Statement Bibliography Index
View the author's website at
http://www.open.ac.uk/socialsciences/staff/people-profile.php?name=Mariana_Mazzucato
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This book is part of the New Horizons in the Economics of Innovation series. To view the rest of the series, please use the link.
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New Horizons in the Economics of Innovation series books 
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