Call Boomerang Books 1300 36 33 32

Description - Sunk Costs and Market Structure by John Sutton

Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors. The new theoretical literature has engendered pessimism in recent years because many results turn out to depend on detailed features of the market that are difficult to measure. This has led many observers to argue that the new literature offers little basis for the kind of cross-industry studies that have formed the empirical base of the subject since the 1950s. Using current game-theoretic methods, John Sutton reexamines the traditional agenda. He argues that despite the "delicate" nature of many results, there are theoretical predictions that turn out to be extremely robust to reasonable changes in model specification, and these results should be taken into account when looking for statistical regularities across a broad spectrum of different industries. Sutton draws on a wide range of historical sources and on an intensive program of company interviews to assemble a matrix of industry studies relating to twenty markets within the food and drink sector, in six countries - France, the Federal Republic of Germany, Italy, Japan, the United Kingdom and the United States. He combines theory, econometric evidence, and a detailed account of the various patterns of evolution of structure found in these industries in a rigorous evaluation of the strengths and limitations of a game-theoretic approach in explaining the evolution of industrial structure.John Sutton is Professor of Economics at the London School of Economics.

Buy Sunk Costs and Market Structure by John Sutton from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780262693585
ISBN-10: 0262693585
Format: Paperback
(229mm x 152mm x 25mm)
Pages: 592
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 24-Aug-2007
Country of Publication: United States

Other Editions - Sunk Costs and Market Structure by John Sutton

Book Reviews - Sunk Costs and Market Structure by John Sutton

» Have you read this book? We'd like to know what you think about it - write a review about Sunk Costs and Market Structure book by John Sutton and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - John Sutton

John Sutton is Sir John Hicks Professor of Economics at the London School of Economics.

Books By John Sutton

Embodied Cognition and Shakespeare's Theatre by John Sutton
Hardback, March 2014
Competing in Capabilities by John Sutton
Hardback, October 2012
Philosophy and Memory Traces by John Sutton
Paperback, August 2007
Marshall's Tendencies by John Sutton
Paperback, January 2002