The stability of market shares in UK manufacturing industry 1979–1986 |
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| Authors: | Stephen Davies Paul Geroski Anastassios Vlassopoulos |
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| Institution: | Stephen Davies is Professor of Economics at the University of East Anglia. Paul Geroski is a Senior Research Fellow of the Centre for Business Strategy, and Associate Professor of Economics, London Business School. Anastassios Vlassopoulos was formerly a Research Officer in the Centre for Business Strategy and is currently a Senior Economic Analyst for Amoco (UK) Exploration Company. The material in this paper is drawn from Davies et al 1990. We are obliged to Paul Simpson, David Thompson and John Cubbin for helpful comments on an earlier version. The usual disclaimer applies however. |
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| Abstract: | Competition is a selection process in which the winners survive and expand, and the losers contract and disappear. This paper examines the selection process applied to the leading five firms in a large sample of UK manufacturing industries over the period 1979 to 1986. Selection pressures are seen to vary substantially the rank of the firm, and much but not all of the selection pressures that these firms faced originated in the capital market. |
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