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This thesis studies the relationship between technology and industrial structure in the context of a growing market economy. Chapters 2 and 5 develop some general equilibrium models which permit a study of the relationship between quality competition, market structure and growth. Both market structure and the rate of growth are determined endogenously as functions of underlying parameters describing the pattern of technology and tastes, and the institutional environment. It is argued that quality competition constitutes an economic mechanism of primary importance, which provides essential incentives for innovation at the industry level, while also contributing to aggregate technological progress by way of R&D spillover effects. A related theme of the thesis is that constraints on quality competition are detrimental to growth. Chapter 3 presents a theoretical model which explains certain statistical regularities regarding cohort survival patterns, the persistence of firm turnover, and the appearance of shakeouts during an industry life cycle. By treating the market as comprising a number of strategically independent submarkets, this analysis separates the strategic interaction effects which occur at the submarket level, from the independence effects which operate across submarkets. Chapter 4 studies competition between two cohorts of radically different but substitutable technologies. By analyzing the entry of new-technology- based firms, the exit of incumbents and subsequent quality competition, this chapter explores the impact of a radical innovation on market structure and on the turnover of firms. Two critical levels of the parameter which measures the efficiency of the new technology are identified: the first must be attained for 'creative destruction' to take place, while the second must be attained for this 'creative destruction' process to take a 'drastic' form which involves the complete replacement of currently active firms by a wave of new entrants.

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My research aims to compare the housing and credit bubbles between China and the US by comparing real estate bubbles of Florida and Hainan. It took the US government 4 years to overcome 2008 financial crisis. Now China has entered the era of stock housing. In the early of 2016, China had 8.4 billion sq.ft stocking housing 1. If the crisis is inevitable, how and where will it happen? What's more, I want to find out the role of financial innovations in securitization along with the incompleteness of real estate markets in the global financial crisis. Were "innovations" in securitization a common cause of the crisis of what was a global cycle? My paper will help readers to further understand the U.S. subprime mortgage crisis, as well as China's current problems faced by the real estate bubble. By comparison, I hope that the United States before the problems faced by the U.S. government and the solution can be used for reference to the Chinese government and related companies in order to face the possible real est e bubble crisis. Still, China's property market looks relatively sane when compared to the peak of the Japanese residential property bubble in 1990 and Hong Kong's current property market. During this period of Japan's housing value-to-GDP ratio peaked at just under four and today Hong Kong's ratio stands at around five. As we can see, the housing and credit bubble in China is so huge now that China has never been before. As Wang Jianlin, the leader of the biggest real estate company in China, saying, "The Housing bubble in China is the biggest in history." / 0 / SPK / specialcollections@tulane.edu

This thesis focuses on the Russian market, economy, business environment a seeks investment and business opportunities for exporters. It includes a description of the economic policy, customs, taxes and investment environment. Furthermore it finds out a mentality and conditions for the business. In the end it analyzes particular industries of the Russian economy.

Modern capitalism is not singular. There are varieties of capitalism in the contemporary world. This thesis aims to apply the Varieties of Capitalism approach developed by Hall and Soskice (2001) to the case of the Czech Republic and ascertain whether the Czech market economy is approaching a liberal or a coordinated ideal type defined by these authors. At the same time, such findings might provide an answer to whether the Varieties of Capitalism approach designed for advanced industrialized economies is fully applicable for analysis of a post-socialist country that underwent a complicated process of economic and institutional transformation.

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Les termes capitalisme et économie de marché sont assimilés depuis le milieu du XIXème siècle, date de leur apparition sémantique. L'examen de la définition précise du capitalisme chez ses plus éminents auteurs, Marx, Weber, Schumpeter ou Braudel, révèle cependant chez chacun une définition différente, originale, qui démontre l'existence d'une divergence entre le capitalisme et l'économie de marché. Le capitalisme est donc réévalué et redéfini comme le pouvoir de marché des actionnaires, subi par les salariés comme par les clients mais accepté socialement, L'économie de marché est, elle, redéfinie par la liberté, d'entreprendre comme de choisir. La séparation du capitalisme et de l'économie de marché que ces définitions nouvelles apportent permet une critique nouvelle, du pouvoir en économie, et de ses abus, au nom de la liberté, qui prive le capitalisme de ses arguments de défense.La concurrence disparaît du capitalisme pour se retrouver au centre de l'économie de marché. S'y ajoute la coopération, créant un objectif d'équilibre des pouvoirs plutôt que de perfection comme le proposait l'économie néoclassique. La coopération, au coeur de l'entreprise, ouvre la possibilité nouvelle d'une meilleure satisfaction du client en complément de la concurrence. La gouvernance de l'entreprise capitaliste, dans l'intérêt des actionnaires, doit donc évoluer vers une gouvernance équilibrée, créatrice de compromis issus des intérêts légitimes mais divergents des clients, des salariés et des actionnaires. L'économie de marché d'équilibre des pouvoirs, intégrant la concurrence et la coopération, apparaît comme une solution libérale, non étatique, au pouvoir capitaliste. / Ever since they have been conceptually created in the middle of the 19 century, capitalism and market economy have been intertwined. Nevertheless, an accurate study of the definition of capitalism by the most eminent writers such as Marx, Weber, Schumpeter or Braudel, proves the existence of a wide array of definition, which tends to demonstrate a c1ear divergence between capitalism and market economy. Capitalism is therefore re-evaluated and redefined by the market power of shareholders, endured by employees as well as customers, yet socially accepted. Market economy is redefined by the freedom of enterprise as well as choice. Separating capitalism from market economy with these new definitions induces a new criticism of power and its abuse in the name of freedom, which sever capitalism from its traditional defense rhetoric.The notion of competition shifts from capitalism to market economy. Cooperation is added to the market economy, creating a goal of balance of powers rather than perfection as it was suggested by the neoclassical economies. Inscribed al the heart of the company, cooperation opens up a greater customer satisfaction, complementing competition. Corporate governance of a capitalist company, focused on the shareholders' interests, must evolve into balanced corporate governance, enabling compromises stemming from the divergent but legitimate interests of customers, employees, and shareholders. A new market economy with a clear balance of powers, shared between competition and cooperation, comes forth as the liberal, non-State solution to solving the capitalist power.