The Dynamics of Industrial Competition
A North American Perspective

This 1995 book provides the first comprehensive quantitative examination of the processes associated with competition.

John R. Baldwin (Author), Paul Gorecki (Author), Richard E. Caves (Contributions by), Tim Dunne (Contributions by), John Haltiwanger (Contributions by)

9780521465618, Cambridge University Press

Hardback, published 31 March 1995

482 pages
23.5 x 16 x 3.1 cm, 0.834 kg

"...this pathbreaking study...sets out a new and compelling research agenda for understanding and analyzing industrial competition....By capturing the competitive process of firms and industries in motion, the author provides a new view of the organization of industries that boldly challenges the traditional view of static and stable industrial organization. Rather, Baldwin argues and compiles compelling evidence suggesting that change is the rule and stability the exception....John Baldwin has paved the way for future researchers..." Journal of Economic Litertature

The Dynamics of Industrial Competition, first published in 1995, describes the internal dynamics of industries using longitudinal data that make it possible to track firms over time. It provides a comprehensive picture of a number of different aspects of firm turnover in North America that arise from the competitive process - the entry and the exit of firms, the growth and decline of incumbent firms, and the merger process. Instantaneous and cumulative measures of market dynamics are provided by examining change in both the short and the long run. Using various measures of firm turnover to proxy the amount of competition, the study examines and contextualizes the relationship between industry performance and the intensity of the competitive process.

1. Introduction
2. Firm turnover: Greenfield entry and closedown exit
3. Entry: exit and the merger process
4. The rise and fall of incumbent
5. Patterns of large and small-firm mobility
6. Plant turnover in Canada and the United States
7. Measures of market structure and the intensity of competition
8. The relationship between mobility and concentration
9. Turnover and productivity growth
10. Merger success
11. Turnover in domestic and foreign enterprises
12. Industry efficiency and firm turnover
13. Firm turnover and profitability
14. Modeling entry
15. Conclusion
Appendix A. Measuring firm turnover - methodology
Appendix B. Definition of concentration and mobility measures
Notes
References
Author index
Subject index.

Subject Areas: Microeconomics [KCC]