The Dynamics of Industrial Competition provides the first extensive quantitative examination of the processes associated with competition: entry and exit, mergers, growth and decline of incumbent firms. It uses a unique data base to investigate phenomena that have rarely been measured and even more rarely set side by side so as to provide a comprehensive picture of the intensity of competition and its effects on productivity, efficiency and profitability. It will be of interest to all social scientists who are concerned with the workings of markets--economists, political scientists, government specialists, as well as antitrust lawyers.
"...this pathbreaking study...sets out a new and compelling research agenda for understanding and analyzing industrial competition..." Journal of Economic Literature "...this pathbreaking study...sets out a new and compelling research agenda for understanding and analyzing industrial competition...By capturing the competitive process of firms and industries in motion, the author provides a new view of the organization of industries that boldly challenges the traditional view of static and stable industrial organization. Rather, Baldwin argues and compiles compelling evidence suggesting that change is the rule and stability the exception...John Baldwin has paved the way for future researchers..." Journal of Economic Litertature