Sutton, John (2004) Market share dynamics and the ‘Persistence of Leadership’ debate. Economics of Industry (EI 37). Suntory and Toyota International Centres for Economics and Related Disciplines, London, UK.
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Abstract
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 (Report) |
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| Official URL: | http://sticerd.lse.ac.uk/ |
| Additional Information: | © 2004 The Author |
| Divisions: | Economics STICERD |
| Subjects: | H Social Sciences > HB Economic Theory |
| Date Deposited: | 24 Jul 2014 10:52 |
| Last Modified: | 12 Dec 2024 05:41 |
| Funders: | Economic and Social Research Council |
| URI: | http://eprints.lse.ac.uk/id/eprint/58212 |
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