ARTO LAHTI
GLOBALIZATION &
THE NORDIC SUCCESS
MODEL – PART I
GLOBALIZATION AND
PRODUCT DIFFERENTIATION
AS OPTIONS
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Globalization & the Nordic Success Model – Part I:
Globalization and product differentiation as options
2nd edition
© 2017 Arto Lahti & bookboon.com
ISBN 978-87-403-1756-5
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GLOBALIZATION & THE NORDIC
SUCCESS MODEL – PART I
CONTENTS
CONTENTS
Globalization & the Nordic Success Model – Part I:
Globalization and product differentiation as options
Acknowledgements: Why I appreciate family businesses?
6
1
IMPEFECT COMPETITION AND ECONOMICS
13
1.1
Competition models
13
1.2
Monopolistic competition theory by Edward Chamberlin
19
1.3
Competition theories under debates
23
2
INDUSTRIAL ORGANIZATION (IO) ECONOMICS
29
2.1
The Structure-Conduct-Performance (SCP) paradigm
29
2.2
The New IO approach
40
2.3
The Finnish IO studies by Aalto
49
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