Target Black FridayNew ArrivalsHoliday Hosting & EntertainingChristmasGift IdeasAI Gift FinderClothing, Shoes & AccessoriesHomeFurnitureToysElectronicsBeautyGift CardsCharacter ShopBabyKitchen & DiningGroceryHousehold EssentialsSchool & Office SuppliesVideo GamesMovies, Music & BooksParty SuppliesBackpacks & LuggageSports & OutdoorsPersonal CareHealthPetsUlta Beauty at TargetTarget OpticalClearanceTarget New Arrivals Target Finds #TargetStyleHanukkahStore EventsAsian-Owned Brands at TargetBlack-Owned or Founded Brands at TargetLatino-Owned Brands at TargetWomen-Owned Brands at TargetLGBTQIA+ ShopTop DealsTarget Circle DealsWeekly AdShop Order PickupShop Same Day DeliveryRegistryRedCardTarget CircleFind Stores
Competition and Growth - (Zeuthen Lectures) by  Philippe Aghion & Rachel Griffith (Paperback) - 1 of 1

Competition and Growth - (Zeuthen Lectures) by Philippe Aghion & Rachel Griffith (Paperback)

$30.00

In Stock

Eligible for registries and wish lists

Sponsored

About this item

Highlights

  • Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact.
  • About the Author: Philippe Aghion is a Professor at the College de France and at the London School of Economics.
  • 114 Pages
  • Business + Money Management, Economics
  • Series Name: Zeuthen Lectures

Description



About the Book



By systematically confronting theoretical models with econometric data, a leading macroeconomist and microeconomist present a unified and coherent view how and when productivity gains and economic growth are aided or hindered by competition policy.



Book Synopsis



Though competition occupies a prominent place in the history of economic thought, among economists today there is still a limited, and sometimes contradictory, understanding of its impact. In Competition and Growth, Philippe Aghion and Rachel Griffith offer the first serious attempt to provide a unified and coherent account of the effect competition policy and deregulated entry has on economic growth.

The book takes the form of a dialogue between an applied theorist calling on "Schumpeterian growth" models and a microeconometrician employing new techniques to gauge competition and entry. In each chapter, theoretical models are systematically confronted with empirical data, which either invalidates the models or suggests changes in the modeling strategy. Aghion and Griffith note a fundamental divorce between theorists and empiricists who previously worked on these questions. On one hand, existing models in industrial organization or new growth economics all predict a negative effect of competition on innovation and growth: namely, that competition is bad for growth because it reduces the monopoly rents that reward successful innovators. On the other hand, common wisdom and recent empirical studies point to a positive effect of competition on productivity growth. To reconcile theory and evidence, the authors distinguish between pre- and post-innovation rents, and propose that innovation may be a way to escape competition, an idea that they confront with microeconomic data. The book's detailed analysis should aid scholars and policy makers in understanding how the benefits of tougher competition can be achieved while at the same time mitigating the negative effects competition and imitation may have on some sectors or industries.



Review Quotes




"Aghion and Griffith's new book should be required reading for anyone interested in the drivers of economic growth in the modern economy."--Rebecca Henderson, Eastman Kodak LFM Professor of Management, Sloan School, MIT

"An engaging presentation of a major research program on the effects of competition on economic growth. The book is an essential guide for sorting out the package of competition policies--antitrust, patent protection, R&D subsidies--that best serve the economy."--Robert J. Barro, Paul M. Warburg Professor of Economics, Harvard University



About the Author



Philippe Aghion is a Professor at the College de France and at the London School of Economics. Aghion is coauthor (with Peter Howitt) of Endogenous Growth Theory (MIT Press).

Rachel Griffith is Deputy Director at the Institute for Fiscal Studies (IFS) and a Reader in Industrial Organization at University College London.

Dimensions (Overall): 8.77 Inches (H) x 5.94 Inches (W) x .37 Inches (D)
Weight: .41 Pounds
Suggested Age: 22 Years and Up
Number of Pages: 114
Genre: Business + Money Management
Sub-Genre: Economics
Series Title: Zeuthen Lectures
Publisher: MIT Press
Theme: Theory
Format: Paperback
Author: Philippe Aghion & Rachel Griffith
Language: English
Street Date: March 1, 2008
TCIN: 1006475729
UPC: 9780262512022
Item Number (DPCI): 247-32-5923
Origin: Made in the USA or Imported
If the item details aren’t accurate or complete, we want to know about it.

Shipping details

Estimated ship dimensions: 0.37 inches length x 5.94 inches width x 8.77 inches height
Estimated ship weight: 0.41 pounds
We regret that this item cannot be shipped to PO Boxes.
This item cannot be shipped to the following locations: American Samoa (see also separate entry under AS), Guam (see also separate entry under GU), Northern Mariana Islands, Puerto Rico (see also separate entry under PR), United States Minor Outlying Islands, Virgin Islands, U.S., APO/FPO

Return details

This item can be returned to any Target store or Target.com.
This item must be returned within 90 days of the date it was purchased in store, shipped, delivered by a Shipt shopper, or made ready for pickup.
See the return policy for complete information.

Frequently bought together

Last But Not Leashed - (Dr. Kate Vet Mysteries) by  Eileen Brady (Paperback)

$9.54
MSRP $15.99
Buy 2, get 1 free select books, music & movies

An Unfinished Love Story - by Doris Kearns Goodwin

$20.00 - $21.49
MSRP $21.00 - $35.00
Buy 2, get 1 free select books, music & movies

Joyful - by  Ingrid Fetell Lee (Paperback)

$11.59
MSRP $21.99
Buy 2, get 1 free select books, music & movies

The Rebel Romanov - by  Helen Rappaport (Hardcover)

$18.93
MSRP $32.00
Buy 2, get 1 free select books, music & movies

Trending Non-Fiction

Discover more options

Endogenous Growth Theory - by  Philippe Aghion & Peter W Howitt (Paperback)

$85.99
Buy 2, get 1 free select books, music & movies

The Economics of Growth - by  Philippe Aghion & Peter W Howitt (Paperback)

$90.00
Buy 2, get 1 free select books, music & movies

Wage Dispersion - (Zeuthen Lectures) by  Dale T Mortensen (Paperback)

$30.00
Buy 2, get 1 free select books, music & movies

Lectures on Microeconomics - by  Romans Pancs (Paperback)

$80.99
Buy 2, get 1 free select books, music & movies

Related Categories

Get top deals, latest trends, and more.

Privacy policy

Footer

About Us

About TargetCareersNews & BlogTarget BrandsBullseye ShopSustainability & GovernancePress CenterAdvertise with UsInvestorsAffiliates & PartnersSuppliersTargetPlus

Help

Target HelpReturnsTrack OrdersRecallsContact UsFeedbackAccessibilitySecurity & FraudTeam Member ServicesLegal & Privacy

Stores

Find a StoreClinicPharmacyTarget OpticalMore In-Store Services

Services

Target Circle™Target Circle™ CardTarget Circle 360™Target AppRegistrySame Day DeliveryOrder PickupDrive UpFree 2-Day ShippingShipping & DeliveryMore Services
PinterestFacebookInstagramXYoutubeTiktokTermsCA Supply ChainPrivacy PolicyCA Privacy RightsYour Privacy ChoicesInterest Based AdsHealth Privacy Policy