Economic theorizing suggests that firms can acquire and maintain market dominance in a number of ways. Some economists argue that firms attain dominance only by being relatively more efficient than their rivals and retain leadership only by staying more efficient than their rivals. Others argue that efficiency is not the only source of dominance and that leaders can retain preeminence even if they are inefficient. This book attempts to sort out the relevant points by exploring market dominance experienced by firms in ten ...
Read More
Economic theorizing suggests that firms can acquire and maintain market dominance in a number of ways. Some economists argue that firms attain dominance only by being relatively more efficient than their rivals and retain leadership only by staying more efficient than their rivals. Others argue that efficiency is not the only source of dominance and that leaders can retain preeminence even if they are inefficient. This book attempts to sort out the relevant points by exploring market dominance experienced by firms in ten different industries. It examines factors that led to acquiring, holding and in some cases losing dominance and asks whether those factors were consistent with economic efficiency. The results suggest that both schools make valid points. Generally, firms that rose to dominance were market pioneers and did so using economically-efficient strategies. In some cases, however, firms rose to dominance using inefficient strategies. Once they reached their ascendance, these firms engaged in a number of strategies, some efficient, others inefficient, to maintain their dominant positions. Most of the firms examined eventually lost their dominance. In some cases, the market evolved too rapidly for any firm to maintain control. In other cases the fall was ushered along by federal antitrust and trade policy. In still other industries, it was due either to poor management or the firm becoming inefficient. However, even when some of these dominant firms became inefficient, the market system worked only very slowly to remove them. The analysis has specific implications for antitrust policies toward dominant firms. Because the sources and consequences of dominance can be varied, neither a ^Ilaissez faire^R policy in favor nor a ^Iper se^R injunction against dominance is called for. A reasoned approach, tempered by underlying market conditions, is warranted toward the strategies used to acquire and maintain dominance.
Read Less
Add this copy of Market Dominance: How Firms Gain, Hold, Or Lose It and to cart. $50.33, good condition, Sold by ThriftBooks-Atlanta rated 5.0 out of 5 stars, ships from Austell, GA, UNITED STATES, published 1998 by Praeger.
Add this copy of Market Dominance: How Firms Gain, Hold, Or Lose It and to cart. $55.00, good condition, Sold by Books for Libraries, Inc. rated 1.0 out of 5 stars, ships from Santa Clarita, CA, UNITED STATES, published 1998 by Praeger.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Good. First Edition. 1998 Hardcover. First Edition stated. Ex-Library with neat library markings. Text is clean, Binding is strong. Very nice green cloth cover. *No shipping outside the United States available for this heavy book. *
Add this copy of Market Dominance: How Firms Gain, Hold, Or Lose It and to cart. $72.00, very good condition, Sold by P C Schmidt Bookseller rated 2.0 out of 5 stars, ships from Kettering, OH, UNITED STATES, published 1998 by Praeger Pub Text.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
Very Good. No Dustjacket. Ex-Library. 6 x 9" A very good hardcover; an ex-library copy with usual markings; internally pages bright and clean; ----------SATISFACTION GUARANTEED---------FAST, COURTEOUS SERVICE------
Add this copy of Market Dominance: How Firms Gain, Hold, Or Lose It and to cart. $82.21, very good condition, Sold by Bestsellers Returns rated 3.0 out of 5 stars, ships from Hereford, HEREFORDSHIRE, UNITED KINGDOM, published 1998 by Praeger.
Add this copy of Market Dominance: How Firms Gain, Hold, or Lose It and to cart. $101.99, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 1998 by Praeger Publishers.
Add this copy of Market Dominance: How Firms Gain, Hold, or Lose It and to cart. $115.43, new condition, Sold by GreatBookPrices rated 4.0 out of 5 stars, ships from Columbia, MD, UNITED STATES, published 1998 by Praeger.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
New. Sewn binding. Cloth over boards. With dust jacket. 280 p. In Stock. 100% Money Back Guarantee. Brand New, Perfect Condition, allow 4-14 business days for standard shipping. To Alaska, Hawaii, U.S. protectorate, P.O. box, and APO/FPO addresses allow 4-28 business days for Standard shipping. No expedited shipping. All orders placed with expedited shipping will be cancelled. Over 3, 000, 000 happy customers.
Add this copy of Market Dominance: How Firms Gain, Hold, or Lose It and to cart. $115.44, new condition, Sold by Ria Christie Books rated 5.0 out of 5 stars, ships from Uxbridge, MIDDLESEX, UNITED KINGDOM, published 1998 by Praeger.
