Paper Information

Journal:   THE ECONOMIC RESEARCH   SUMMER 2007 , Volume 7 , Number 2; Page(s) 31 To 54.
 
Paper: 

COMPETITION ANALYSIS WITH USE OF EVOLUTIONARY MODEL OF NELSON-WINTER (AN APPLICATION OF IRAN'S METHANOL PLANTS)

 
 
Author(s):  SATARIFAR M., NAYEB S.
 
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Abstract: 

Competition is an evolving and multilateral concept .This is why it has different explanations. In New Institutional Approach (NIA), ideal type of competition is that of explanation of competition via the supportive institutions of technology, institutions decreasing asymmetry of information and institutions internalizing of externalities. On the other hand, for two decades, Nelson-Winter model has been considered in the analyses of competition and firms behavior, because that is a critical approach to neoclassic school and compatible and consistent with the situation in developing countries and the definition of competition in NIA. The application of this definition of competition with the use of Nelson-Winter model for Methanol plants shows that to pay attention to the most important variables means investment routines in initiative and imitative (as the supportive institutions of technology and internalize institutions of externalities)and betterment of technology (as reducing institutions of asymmetric information), results in the improvement of firms' performance in using resources (especially capital) and this will decrease the exclusive power and concentration of industries and consequently will cause competition improvement.

 
Keyword(s): COMPETITION, EVOLUTIONARY MODEL OF NELSON-WINTER, METHANOL PLANTS, IRAN
 
References: 
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