This book offers a new perspective on the economics of globalization, based on the concepts of firms' capabilities as the immediate cause of countries' wealth. It presents new ways of looking at the way China, India, and Africa have been drawn into the global economy over the past two decades. It offers new perspectives on some of the most central questions in the current debate: What effects does the rise of China have for the advanced industrial economies? Why have some industries adapted quickly and effectively to the changing global scene, while others have not? How were the "Transition Economies" of Eastern Europe affected by trade liberalization? How have the economic prospects of sub-Saharan African countries changed over the past decade? This analysis contributes to the recent literature on quality and trade, which is providing a new and different approach to the analysis of globalization, and which focuses on those economic mechanisms that are central to the current wave of this centuries-old phenomenon. This book forms the basis for the author's course on Globalization and Strategy, given to Masters students in Economics and Management at the London School of Economics.

Competing in Capabilities: The Globalization Process (Clarendon Lectures in Economics)

Business & Money

Sutton, John

International

Oxford University Press

John G. Sutton is the feature editor of the UK's monthly journal of Spiritualism, this book is a selected collection of his paranormal investigative columns. Read about life beyond life, ghosts, poltergeists, near death experiences and much more. This is the amazing truth.

The Psychic World of John G. Sutton

Religion & Spirituality

lulu.com

Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature recently and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors. Because many results turn out to depend on detailed features of the market that are difficult to measure, some observers argue that the game theory literature offers little basis for the kind of cross-industry studies that have formed the empirical base of the subject since the 1950s. Using current game-theoretic methods, John Sutton reexamines the traditional agenda. He argues that despite the "delicate" nature of many results, there are theoretical predictions that turn out to be extremely robust to reasonable changes in model specification, and these results should be taken into account when looking for statistical regularities across a broad spectrum of different industries. Sutton assembles a matrix of industry studies relating to twenty markets within the food and drink sector, in six countries—France, Germany, Italy, Japan, the United Kingdom, and the United States. He combines theory, econometric evidence, and a detailed account of the various patterns of evolution of structure found in these industries in a rigorous evaluation of the strengths and limitations of a game-theoretic approach in explaining the evolution of industrial structure.

Sunk Costs and Market Structure: Price Competition, Advertising, and the Evolution of Concentration

Economics

Mit Pr

Traditionally, the field of industrial organization has relied on two unrelated theories—the cross-section theory and the growth-of-firms theory—to explain cross-industry differences in concentration and within-industry skewness. The two approaches are based on very different mathematical structures and few researchers have attempted to relate them to each other. In this book, John Sutton unifies the two approaches through a theory that rests on three simple principles. The first two, a "survivor principle" that says that firms will not pursue loss-making strategies, and an "arbitrage principle" that says that if a profitable opportunity is available, some firm will take it, suffice to define a set of possible outcomes. The third, the "symmetry principle," says that the strategy used by a new entrant into any submarket depends neither on the entrants identity nor on its history in other submarkets. This allows researchers to bring together the roles of strategic interactions and of independence effects. The result is that the considerations motivating the cross-section tradition and those motivating the growth-of-firms tradition both drop out within a single game-theoretic model. This book follows Sutton's Sunk Costs and Market Structure, published by MIT Press in 1991.

Technology and Market Structure: Theory and History

Industries

The world of economics is a complicated and messy place. Yet modern economic analysis rests on an attempt to represent the world by means of simple mathematical models. To what extent is this possible? How can such a program cope with the fact that economic outcomes are often driven by factors that are notoriously difficult to quantify? Can such mathematical modeling lead us to theories that work? In these lectures, John Sutton explores what he calls the "standard paradigm" that lies at the heart of economic model building, whose roots go back a century to the work of Alfred Marshall. In probing the strengths and limitations of this paradigm, he looks at some of the remarkable successes, as well as deep disappointments, that have flowed from it. For sales in Belgium, the Netherlands, and Luxembourg, contact Leuven University Press at fax (+32)16/32.53.52 or universitaire.pers@upers.kuleuven.ac.be

Marshall's Tendencies: What Can Economists Know? (Gaston Eyskens Lectures) (Esyskens Lectures)

John Sutton sets out a unified theory that encompasses two major approaches to studying market, while generating a series of novel predictions as to how markets evolve.
Traditionally, the field of industrial organization has relied on two unrelated theories―the cross-section theory and the growth-of-firms theory―to explain cross-industry differences in concentration and within-industry skewness. The two approaches are based on very different mathematical structures and few researchers have attempted to relate them to each other.
In this book, John Sutton unifies the two approaches through a theory that rests on three simple principles. The first two, a "survivor principle" that says that firms will not pursue loss-making strategies, and an "arbitrage principle" that says that if a profitable opportunity is available, some firm will take it, suffice to define a set of possible outcomes. The third, the "symmetry principle," says that the strategy used by a new entrant into any submarket depends neither on the entrants identity nor on its history in other submarkets. This allows researchers to bring together the roles of strategic interactions and of independence effects. The result is that the considerations motivating the cross-section tradition and those motivating the growth-of-firms tradition both drop out within a single game-theoretic model.
This book follows Sutton's Sunk Costs and Market Structure, published by MIT Press in 1991.

Literature & Fiction

Dramas & Plays

MIT Press]

I started to read idly, and soon found myself hooked. An intelligent insider's thoughts on research strategies will do that to you.Robert M. Solow, Institute Professor of Economics, Emeritus, MIT, and Nobel Laureate in Economics (1987)

Marshall's Tendencies: What Can Economists Know? (Gaston Eyskens Lectures) (Gaston Eyskens Lecture Series)

Sunk Costs and Market Structure bridges the gap between the new generation of game theoretic models that has dominated the industrial organization literature over the past ten years and the traditional empirical agenda of the subject as embodied in the structure-conduct-performance paradigm developed by Joe S. Bain and his successors. The new theoretical literature has engendered pessimism in recent years because many results turn out to depend on detailed features of the market that are difficult to measure. This has led many observers to argue that the new literature offers little basis for the kind of cross-industry studies that have formed the empirical base of the subject since the 1950s. Using current game-theoretic methods, John Sutton reexamines the traditional agenda. He argues that despite the "delicate" nature of many results, there are theoretical predictions that turn out to be extremely robust to reasonable changes in model specification, and these results should be taken into account when looking for statistical regularities across a broad spectrum of different industries. Sutton draws on a wide range of historical sources and on an intensive program of company interviews to assemble a matrix of industry studies relating to twenty markets within the food and drink sector, in six countries - France, the Federal Republic of Germany, Italy, Japan, the United Kingdom and the United States. He combines theory, econometric evidence, and a detailed account of the various patterns of evolution of structure found in these industries in a rigorous evaluation of the strengths and limitations of a game-theoretic approach in explaining the evolution of industrial structure.

Sunk Costs and Market Structure: Price Competition, Advertising, and the Evolution of Concentration (Mit Press)

Philosophy and Memory Traces defends two theories of autobiographical memory. One is a bewildering historical view of memories as dynamic patterns in fleeting animal spirits, nervous fluids that rummaged through the pores of brain and body. The other is new connectionism, in which memories are "stored" only superpositionally, and reconstructed rather than reproduced. John Sutton juxtaposes historical and contemporary debates to show that psychology can attend to culture, complexity, self, and history.

Philosophy and Memory Traces: Descartes to Connectionism

Politics & Social Sciences

Philosophy

Cambridge University Press

See the best price to sell, buy, or rent books by Sutton, John. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Sutton, John

See the best price to sell, buy, or rent books by Sutton, John. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Competing in Capabilities: The Globalization Process (Clarendon Lectures in Economics)

The Psychic World of John G. Sutton

Sunk Costs and Market Structure: Price Competition, Advertising, and the Evolution of Concentration

Technology and Market Structure: Theory and History

Marshall's Tendencies: What Can Economists Know? (Gaston Eyskens Lectures) (Esyskens Lectures)

Technology and Market Structure: Theory and History

Marshall's Tendencies: What Can Economists Know? (Gaston Eyskens Lectures) (Gaston Eyskens Lecture Series)

Sunk Costs and Market Structure: Price Competition, Advertising, and the Evolution of Concentration (Mit Press)

Philosophy and Memory Traces: Descartes to Connectionism

Philosophy and Memory Traces: Descartes to Connectionism