Market Dynamics and Entry

This book is a comprehensive discussion of entry, and the dynamics of market structure and performance that are associated with it. Much of the work is empirical, and a wide variety of econometric results and case studies are brought together in order to evaluate existing theories of entry, and map out future directions of empirical and theoretical research.

P. A. Geronski is Professor of Economics at London Business School and a Senior Research Fellow, Centre for Business Strategy.

List of Tables	p. ix
List of Figures	p. xi
Acknowledgements	p. xiii
Introduction	p. 1
Entry Rates and Market Penetration	p. 9
Introduction	p. 9
The Extent of Entry in Markets	p. 12
The Incidence of Entry	p. 12
Entry Penetration	p. 16
Entry and Exit	p. 23
Survival	p. 26
Types of Entrant	p. 31
The Process of Entry	p. 40
Conclusions	p. 46
Models of Entry	p. 54
Introduction	p. 54
Modelling the Incidence of Entry	p. 59
Models of Market Penetration by Entrants	p. 70
Latent Factor Models of Entry	p. 82
Modelling Interactions and Selection between Entrants	p. 88
Conclusions	p. 99
Entry and the Short-run Dynamics of Prices and Margins	p. 107
Introduction	p. 107
Strategic Entry Deterrence	p. 111
Entry and the Dynamics of Margins	p. 121
Simple Structural Models of Entry	p. 123
Reduced Form Models	p. 128
Fuller Structural Models	p. 131
A Summing Up	p. 137
Methods of Entry Deterrence	p. 140
Conclusions	p. 149
The Empirical Analysis of Barriers to Entry	p. 156
Introduction	p. 156
The Condition of Entry	p. 160
Structural Determinants of Entry Barriers	p. 166
Product Differentiation Advantages	p. 167
Absolute Cost Advantages	p. 178
Economies of Scale	p. 185
Measuring the Height of Barriers to Entry	p. 191
Conclusions	p. 204
Entry, Technical Progress, Efficiency and Productivity	p. 210
Introduction	p. 210
Assessing the Schumpeterian Hypothesis	p. 214
Causal Relations between Entry and Innovation	p. 229
Entry and Innovation over the Product Life Cycle	p. 238
Competition, Efficiency and Productivity	p. 246
Conclusions	p. 253
Entry and Industry Evolution	p. 258
A Summing Up	p. 258
Two Analogies with Natural Selection Processes	p. 264
Market Selection Processes	p. 270
Can There Be Too Much Entry?	p. 273
References	p. 276
Index	p. 298
Table of Contents provided by Syndetics. All Rights Reserved.

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Market Dynamics and Entry

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Author Biography

Table of Contents

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