Sutton, John (2004) Market share dynamics and the 'persistence of leadership' debate. Economics of Industry; EI 37, EI/37. Suntory and Toyota International Centres for Economics and Related Disciplines, London School of Economics and Political Science, London, UK.
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This paper introduces a novel analysis of the classic “persistence of leadership” question, and applies it to a newly constructed dataset for Japanese manufacturing. The analysis rests on an appeal to an empirical “scaling relationship” between current market share and the variance of changes in market share. This relationship provides a powerful “model selection criterion” for candidate models of market share dynamics. It also makes it feasible, even in small datasets, to test directly for the properties of the “first passage times” corresponding to loss of leadership.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2004 the authors|
|Uncontrolled Keywords:||market share, industry dynamics, scaling, Japanese economy|
|Library of Congress subject classification:||H Social Sciences > HB Economic Theory|
|Journal of Economic Literature Classification System:||L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L10 - General
L - Industrial Organization > L6 - Industry Studies: Manufacturing > L60 - General
|Sets:||Collections > Economists Online
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Departments > Economics
|Date Deposited:||27 Apr 2007|
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