The dynamics of industry growth, technology and globalization have a dramatic impact on the current economic growth of nations, significantly changing the market structure and world trade, and challenging the competitive equilibrium and their guiding principles. In the world of innovations and spill-over of R&D effects, various forms of non-competitive market structures have evolved in recent times.

This book analyzes the new paradigm of change in technology intensive industries, with an emphasis in three main areas; non-parametric models of growth, sources of industry growth and non-competitive market structures in a dynamic framework. The authors to this volume utilise theoretical and empirical analysis to examine the role of R&D investment and Solow-type technical progress, using the non-parametric methods of efficiency analysis, also known as Data Envelopment Analysis.

This book is essential reading for all interested in economic theory and innovation.

Technology, Efficiency and Market Structure
Introduction
Technology Creation and Diffusion
Efficiency Models of Industry Growth
Industry Growth in Cournot-Nash Framework
Concluding Remarks
Efficiency Models of Industry Growth
Introduction
Production and Cost Dynamics
Adjustment Cost Dynamics
Scale Economies and Learning by Doing
Pareto Efficiency Frontier: DEA approach
Industry Growth and Optimal Investment
Concluding Remarks
Growth of High-Tech industries: Computers and Pharmaceuticals
Introduction
Measuring Production Efficiency and Growth
Stochastic Frontier Analysis
DEA Models
Efficiency in Computer Industry
Efficiency in Pharmaceutical Industry
Concluding Remarks
Pricing Strategies under Innovations
Introduction
R&D and Market Structure
Strategies of a Dominant Firm
Limit Pricing with Technological Change and Internal Finance
Appendix
Dynamic Models of Productivity and Efficiency
Introduction
Dynamic DEA Models
Growth and Technology
Industry Evolution and Innovation
Hypercompetitive Market Structures
Efficiency and Growth of the Telecom Industry
Introduction
Entry and Efficiency
Market Deregulation
Capital Expenditures
Geographic Separation of Markets
R&D and Productivity
Measuring Efficiency
Ingredients for Efficiency
Concluding Remarks

JATI K. SENGUPTA is professor of Economics at the University of California. He has published over 300 refereed articles and several books in economic theory, Data Envelopment Analysis, and operations research.

PHILLIP FANCHON has published numerous articles and books in quantitative methods and applied economics. He has taught at the University of Rhode Island, University of Nevada, and University of California. He is Professor Emeritus at California Polytechnic, and currently Visiting Professor at the University of Paris.