Titlebook: Applied Industrial Organization; Towards a Theory-Bas Karl Aiginger,Jorg Finsinger Book 1994 Springer Science+Business Media B.V. 1994 comp

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been marked by the conflict between the deductive and the inductive approaches. During the 1950s and 1960s, empirical research was dominant; the hypotheses under investigation were derived in a rather loose way from microeconomic theory, or from casual or even anecdotical evidence. If a theory exist

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ant developments this paper addresses three questions: (1) To what extent does R&D activity drive productivity growth, (2) how do alternative measures of productivity affect the conclusions and (3) how did the oil price shocks and the increased openness of the U.S. economy affect productivity growth

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e of the effects of innovation on corporate performance, one needs to know how such effects occur. We have contrasted two views of the effect of innovation — “the product view” and “the process view” — and have provided some evidence to suggest that both effects are evident in the data. Although it

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lts for Austria. The regression of R&D expenditure and innovation expenditure on size variables (employment and sales) produced a proportional relationship. This relationship holds uniformly true if the firms are regrouped around five industrial sectors. If we look at the results from a technology p

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sses, of considerable value to the development of both the theoretical and empirical aspects of the subject. The general message emerging from the market-level experiments is that the existence of, and convergence to, the (market) equilibrium of neoclassical theory is, in general, well-supported by

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https://doi.org/10.1007/978-3-658-10478-8in an industry are not only very small, but also sufficiently small so that they are operating at a sub-optimal scale of output, and (2) entrepreneurs are apparently not deterred from starting new firms even in industries where scale economies play an important role. A dynamic view of the process of

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