The Evolution of New Markets

How do markets evolve? Why are some innovations picked up straight while others take years to be commercialized? Are there first-mover advantages? Why do we behave with 'irrational exuberance' in the early evolution of markets as was the case with the dot.com boom? This book explains in a
refreshingly clear style how markets develop. His purpose is to show how good a grasp of economics can improve managers' business and investment decisions.


Author: P. A. Geroski
Publisher: Oxford University Press, USA
Published: 06/19/2003
Pages: 240
Binding Type: Hardcover
Weight: 0.85lbs
Size: 8.98h x 5.44w x 0.68d
ISBN: 9780199248896

About the Author

Paul Geroski is currently Deputy Chairman of the Competition Commission and Professor of Economics at the London Business School. His current research interests are focused on two areas: innovation, technological change, and the evolution of markets, and regulation and competition policy. He sits on the editorial boards of several journals and on the Council of the Royal Economic Society.

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