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The purpose of the study presented in the paper is to highlight the influence of the microeconomic factors related to the evolutionary stage of the industry's life cycle on the industry dynamics. The authors use the example of the Russian tourism industry to show that microeconomic factors are...
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competition, of which the most common are the concentration ratio and the Herfindahl-Hirschman index. It is important to emphasize …Central banks often use certain concentration indices in their official reports to determine the degree of intensity of … organizations. The results of the static and dynamic analysis of concentration indicate that, compared to Montenegro, the banking …
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explain them. We then describe a theoretical framework of endogenous markups, innovation, and competition that can potentially … interacting forces: a composition effect that determines the market concentration and an incentive effect that determines how … firms respond to a given concentration in the economy. The results highlight that a decline in knowledge diffusion between …
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