Market share will not diminish

A Market Share Theorem

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The Austrian Market Share

Over the generations, the popularity of the Austrian School’s approach to economics has risen, fallen, and risen again. Figure 1 represents a speculative guess at the “market share” of Austrian ideas among academic economists, where “Austrian” is broadly defined as individuals who believe in, or are at least highly sympathetic to, most of the core doctrine emanating from the Austrian School fou...

Market transformation: will not-for-profit providers survive?

Market Share Indicates Quality

Market share and quality, or customer satisfaction, go hand in hand. Yet it is hard to find in the literature a clear formal statement to the effect that higher market share indicates higher quality. Indeed, such an inference would need detailed information about customer behavior. Moreover, even when that data is available, the validity of the inference is cast in doubt by common modes of beha...

Will the growth of multi-channel retailing diminish the pricing

Acknowledgments: This project was undertaken when Xiaolin Xing was visiting University of Pittsburgh and Harvard University in 2000. Xiaolin Xing is grateful to the two universities for using their resources and facilities. We thank the seminar participants in Nanyang Technological University and the Chinese University of Hong Kong for comments. We also thank two anonymous referees for helpful ...