Call Boomerang Books 1300 36 33 32

Description - Competition in an Open Economy by Richard Caves

With the nations of the world becoming more interdependent, it is imperative to take international influences into account in understanding the organization of industry within a country. This book extends the structure/conduct/performance framework of analysis to present a fully specified simultaneous equation model of an open economy--Canada.By estimating a system of equations of all the major variables, the authors can identify which variables are dependent and which are independent. They are thus able to assess the relative importance of such factors as seller concentration, import competition, retailing structure, advertising expenditure, research and development spending, and technical and allocative efficiency in shaping the organization of industry in Canada. In addition, using both industry-level and firm-level data, the authors develop methods for assessing the effect of structural variables on diversification strategies and the consequences for market performance. They also study the effects of such variables on firms' access to capital markets. The book concludes with a discussion of the implications of the findings for government policy.

Buy Competition in an Open Economy by Richard Caves from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780674154254
ISBN-10: 0674154258
Format: Hardback
(250mm x 160mm x mm)
Pages: 452
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 9-Jun-1980
Country of Publication: United States

Book Reviews - Competition in an Open Economy by Richard Caves

» Have you read this book? We'd like to know what you think about it - write a review about Competition in an Open Economy book by Richard Caves 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 - Richard Caves

Richard E. Caves is Nathaniel Ropes Research Professor of Political Economy at Harvard University.