John Sutton
John Sutton is the Sir John Hicks Professor of Economics at the London School
of Economics.
A graduate of University College Dublin and Trinity College Dublin, he taught
at the University of Sheffield before joining LSE in 1977. He has been a
Visiting Associate Professor at Tokyo University, a Marvin Bower Fellow at the
Harvard Business School, and a Visiting Professor of Economics at Harvard
University, and at the Graduate School of Business, University of Chicago.
He has written widely in the areas of microeconomic theory and Industrial
Organisation. His books include Sunk Costs and Market Structure (MIT
Press, 1981), Technology and Market Structure (MIT Press, 1998), and
Marshall's Tendencies: What Can Economists Know? (MIT and Leuven University
Press, 2000).
He has been a consultant for the World Bank since 2000, and served on the
Advisory Committee on Access to the Japanese Market (Tokyo) from 1995 to 2002.
He served as a member of the Group of Economic Advisors to the President of the
European Union from 2001-2004, and of the Enterprise Strategy Group (Ireland),
which reported in 2004. He is a Fellow of the Econometric Society, and of the
British Academy, and was President of the Royal Economic Society from 2004 to
2007.
Contact
Information - CV - Recent
Papers - Links
Contact Information
Phone: +44 (0) 20 7955 7716
Fax: +44 (0) 20 7955 6951
Email: j.sutton@lse.ac.uk
Address:
Department of Economics
London School of Economics and Political Science
Houghton Street
London
WC2A 2AE
Support Staff
Leila Alberici, STICERD
Phone: +44 (0) 20 7955 6674
Email: l.alberici@lse.ac.uk
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Recent Papers
'Industrial
Organization', in China's Great Economic Transformation, Loren Brandt
and Tom Rawski (eds.), forthcoming, Cambridge University Press.
Quality, Trade and the “Moving
Window”: the Globalization Process
This paper analyses the globalization process by reference to a model in which
firms and countries differ both in productivity and quality. The model
implies that there is a lower bound to quality below which firms cannot sell,
however low the (local) wage rate they face. The range of quality levels
between the maximum level and this lower bound shifts upwards when trade is
liberalized (the 'moving window'). The initial ('impact') effect of
globalization, i.e., that associated with trade liberalization, in an initially
segmented (but not autarkic) world economy may well reduce welfare in countries
with intermediate levels of capability , but these countries stand to be the
most important gainers as capabilities are transferred across countries in
subsequent phases of the globalization process.
Clarendon Lectures in Economics:
Competing in Capabilities: Summary of Lectures
In 2004, John Sutton gave the Clarendon Lectures in Economics at Oxford
University, speaking about globalisation and industrial development.
Market Share Dynamics and the 'Persistence of Leadership'
Debate
This paper sets out an analytical framework which can be used to examine the
evolution of market shares and to address debates regarding the "persistence of
dominance" question. The method is applied to a study of 45 Japanese
manufacturing industries over a 25-year period. (Now published, American
Economic Review, March 2007 and the published version can be accessed via
http://dx.doi.org/10.1257/aer.97.1.222).
Flexibility, Profitability and Survival in an (Objective) Model of Knightian
Uncertainty
This paper explores the relationship between a firm’s investments in ‘capability
building’, and its prospects for survival. The analysis is carried out using a
model of Knightian uncertainty which differs from the standard ‘subjective
probability’ approaches in a number of fundamental respects.
Market Structure - Theory and Evidence
This paper surveys the recent literature on the determinants of Market
Structure, with particular reference to the Bounds approach. It has been
prepared for the forthcoming Volume 3 of the Handbook of Industrial
Organisation, edited by Robert Porter and Mark Armstrong.
The Auto-Component Supply Chain in China and India: a
benchmarking study
This report offers an assessment of the current state of the auto-component
supply chain in China and India. It is based on a large-scale programme of
plant studies, in both countries.
The Indian Machine-Tool Industry
A Benchmarking Study
This report sets out some benchmarking results on productivity and quality for
CNC (computer numerically controlled) machine tools produced by leading Indian
manufacturers. The study was carried out by Professor J. Sutton of the London
School of Economics, with the assistance of Mr. G. Doshi, on behalf of the World
Bank, during the period December 1999 to August 2000.
Competing In
Capabilities: An Informal Overview
The World Bank’s Development Economics Unit (DEC) launched a new lecture series,
DEC Lectures, on April 21, 2005, on the theme of “New Findings in
Development Economics.” This, the second lecture in the series, discussed
the notion of ‘capabilities’ (revealed and underlying) with regard to industrial
development, and presented an analytical framework of competing capabilities,
aiming to identify the key factors that lead to success or failure. Michael
Klein, Vice President of the Private Sector Development Unit at the World Bank
and International Finance Corporation (IFC) and Chief Economist for IFC, served
as discussant for the lecture, and Alan Winters, Director of the Development
Research Group within DEC, chaired the session.
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Links
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This page was last updated on
31/01/2008
Copyright © London School of Economics and Political Science, 2006
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