Dynamics of Industry Growth

Authors: Sengupta, Jati

  • ​​​​Explores a comprehensive theory of innovations extending the Schumpeterian perspective
  • Develops a theory of stochastic birth and death processes for industry evolution
  • Investigates the theory of hypercompetition and dynamic efficiency and its role in dynamic industry growth
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  • ISBN 978-1-4614-3852-6
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Hardcover $149.00
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  • ISBN 978-1-4614-3851-9
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Softcover $149.00
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About this book

Economic growth of a country depends on its industries. The focus of modern growth theory is basically macroeconomics, although neoclassical models use competitive markets and the optimization behavior of households and firms in general equilibrium framework. The emphasis here is on industry growth, where the microfoundations of industry are analyzed in terms of economic efficiency. The various linkages which link firm growth with the industry growth are discerned here under various market structures both competitive and monopolistic. The role of information in facilitating market signals and allowing the adoption of new processes has been especially emphasized in this volume. Many issues of market failure and the suboptimality of competitive equilibria are due to incomplete and imperfect information structures and we need a comprehensive theory of information structures underlying the process of industry growth and its dynamics. This book will be of interest to economists studying economic and industry growth and innovation.

Reviews

“This book deals with the dynamics of industry growth, from both a micro and a macro perspective. It is structured in seven chapters. … In summary, the text could be useful as a complementary reference for those interested in the growth of industry and innovation.” (Manuel A. Gómez, Mathematical Reviews, June, 2015)


Table of contents (7 chapters)

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-1-4614-3852-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.00
price for USA
  • ISBN 978-1-4614-3851-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $149.00
price for USA
  • ISBN 978-1-4899-8622-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Dynamics of Industry Growth
Authors
Copyright
2012
Publisher
Springer-Verlag New York
Copyright Holder
Springer Science+Business Media New York
eBook ISBN
978-1-4614-3852-6
DOI
10.1007/978-1-4614-3852-6
Hardcover ISBN
978-1-4614-3851-9
Softcover ISBN
978-1-4899-8622-1
Edition Number
1
Number of Pages
X, 178
Topics