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| Author: | Jacobson, R. Hansen, G. |
| Title: | Modeling the competitive process |
| Journal: | Managerial and Decision Economics
2001 : JUN-AUG, VOL. 22:4-5, p. 251-263 |
| Index terms: | COMPETITION MARKETS JAPAN USA |
| Language: | eng |
| Abstract: | Understanding the behavior of markets requires understanding not just the level of return but also its dynamics. The speed at which abnormal returns dissipate is one useful indicator of the competitive process. The authors model for US and Japanese firms the process of competition as reflected in the persistence of abnormal returns. |
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