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Market Structure and Innovation

Market Structure and Innovation

£35.99

Part of Cambridge Surveys of Economic Literature

  • Date Published: March 1982
  • availability: Available
  • format: Paperback
  • isbn: 9780521293853

£ 35.99
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  • Technical advance requires resources and is motivated by the quest for profits; therefore, the rate and direction of advance is determined by the economic system. Recognition of this fact has focused attention on the performance of the market economy in the allocation of resources to technical advance, and the consequent body of research is surveyed and synthesised in this book. The theories of market structure and innovation proposed by Schumpeter, Galbraith, Arrow, Schmookler, Scherer, Mansfield, Phillips, Barzel, Kamien and Schwartz, Loury, Nelson and Winter, Grabowski, Dasgupta and Stiglitz, and others are presented in an integrated form. These theories deal with the nature of competition, the incentives to innovate and the pace of innovative activity under different market structures, and the existence of a market structure that yields the most rapid rate of innovation. In addition, the findings of seventy empirical studies dealing with various facets of the microeconomics of technical innovation are presented. The book is designed to be accessible to economists working in a variety of situations - in universities, business and government - and who are concerned with questions of technical innovation. It is also suitable for senior-level undergraduates and first year graduate students approaching the subject in a comprehensive way for the first time.

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    Product details

    • Date Published: March 1982
    • format: Paperback
    • isbn: 9780521293853
    • length: 256 pages
    • dimensions: 216 x 140 x 15 mm
    • weight: 0.33kg
    • availability: Available
  • Table of Contents

    Preface
    1. The emergence of an economics of technical advance
    2. Schumpeterian hypotheses
    3. empirical studies of the Schumpeterian hypotheses
    4. Modern theories of market structure and innovation: the decision theoretic approach
    5. Modern theories of market structure and innovation: the game theoretic approach
    6. Summary and prospectus
    References
    Author index
    Subject index.

  • Authors

    Morton I. Kamien

    Nancy L. Schwartz

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