A new 45-industry, 23-year, dataset for Japan is used to investigate the duration of industry leadership. A new scaling relationship linking a firm’s current market share with the standard deviation of market share changes is reported. This relationship discriminates in a powerful way between...

This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.

This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.

This chapter reviews the literature which has developed around the `bounds approach' to market structure over the past fifteen years. The focus of this literature lies in explaining cross-industry differences in concentration, and in the size distribution of firms. One of the main ideas involved...

This paper reviews the recent literature on game-theoretic models of market structure and their empirical implementation.

Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature recently and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S....