Industrial Organisation: An Analysis of Competitive Markets,9780273646204

Industrial Organisation: An Analysis of Competitive Markets

by ;
ISBN13: 9780273646204
ISBN10: 0273646206
Format: Paperback
Pub. Date: 2001-03-01
Publisher(s): Trans-Atlantic Pubns
List Price: $90.95

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Table of Contents

Preface ix
Acknowledgements xi
1 Industrial organisation: an introduction 1(13)
1.1 Introduction
1(1)
1.2 Competition analysis
2(4)
1.3 Approaches to industrial organisation
6(5)
1.4 Structure of the book
11(1)
Key terms
12(1)
Questions for discussion
12(1)
Further reading
13(1)
2 Oligopoly 14(35)
2.1 Introduction
14(5)
2.2 Classical models
19(7)
2.3 Models of mutual interdependence
26(9)
2.4 Game theory
35(8)
2.5 Conclusions
43(1)
Key terms
43(1)
Case studies
43(5)
Questions for discussion
48(1)
Further reading
48(1)
3 Collusion 49(54)
3.1 Introduction
49(1)
3.2 Collusive action and collusive forms
50(5)
3.3 Collusive institutions
55(7)
3.4 Economic models of cartels
62(11)
3.5 Factors encouraging firms to seek cartel solutions
73(4)
3.6 Market variables conducive to cartel formation
77(6)
3.7 Pressures on cartel stability
83(15)
3.8 Conclusions
98(1)
Key terms
98(1)
Case studies
99(3)
Questions for discussion
102(1)
Further reading
102(1)
4 Concentration 103(35)
4.1 Introduction
103(1)
4.2 Classification of industries
104(4)
4.3 Measurement of concentration
108(7)
4.4 Trends in concentration
115(1)
4.5 Determinants of concentration
116(17)
4.6 Conclusions
133(1)
Key terms
133(1)
Case studies
134(3)
Questions for discussion
137(1)
Further reading
137(1)
5 Barriers to entry 138(27)
5.1 Introduction
138(2)
5.2 Classification of entry barriers
140(1)
5.3 Structural barriers
141(5)
5.4 Entry-deterring strategies
146(5)
5.5 Contestable markets
151(2)
5.6 Market dynamics and entry
153(1)
5.7 Empirical evidence on entry
154(3)
5.8 Conclusions
157(1)
Key terms
158(1)
Case studies
158(6)
Questions for discussion
164(1)
Further reading
164(1)
6 Market structure and profitability: a review of the empirical evidence 165(23)
6.1 Introduction
165(1)
6.2 Measurement of profitability
166(5)
6.3 The Structure-Conduct-Performance model revisited
171(1)
6.4 Empirical tests of the SCP approach: a selective review
172(7)
6.5 Dynamic views of competition
179(6)
6.6 Conclusions
185(1)
Key terms
186(1)
Questions for discussion
186(1)
Further reading
186(2)
7 Advertising 188(36)
7.1 Introduction
188(1)
7.2 Determinants of advertising expenditures and intensity
189(4)
7.3 Theory of monopolistic competition
193(5)
7.4 Information and quality
198(1)
7.5 Informative and persuasive advertising
199(5)
7.6 Advertising and the competitive environment
204(9)
7.7 Advertising and prices
213(5)
7.8 Conclusions
218(1)
Key terms
218(1)
Case studies
218(5)
Questions for discussion
223(1)
Further reading
223(1)
8 Innovation 224(46)
8.1 Introduction
224(3)
8.2 Diffusion
227(6)
8.3 Patents
233(5)
8.4 The returns to industrial research and development
238(3)
8.5 Investment in innovation
241(5)
8.6 Schumpeter, industrial structure and innovation
246(6)
8.7 Empirical work
252(7)
8.8 European innovation
259(4)
8.9 Conclusions
263(1)
Key terms
263(1)
Case studies
264(4)
Questions for discussion
268(1)
Further reading
269(1)
9 Vertical relationships 270(44)
9.1 Introduction
270(1)
9.2 Vertical integration
271(8)
9.3 Vertical integration and monopoly power
279(5)
9.4 Empirical evidence on vertical integration
284(4)
9.5 Agency and vertical relationships
288(6)
9.6 Vertical restraints
294(14)
9.7 Conclusions
308(1)
Key terms
309(1)
Case studies
309(4)
Questions for discussion
313(1)
Further reading
313(1)
10 Diversification 314(33)
10.1 Introduction
314(2)
10.2 Reasons for diversification
316(11)
10.3 Corporate coherence
327(3)
10.4 Focus and deconglomeration
330(2)
10.5 Empirical evidence
332(8)
10.6 Conclusions
340(1)
Key terms
340(1)
Case studies
340(5)
Questions for discussion
345(1)
Further reading
345(2)
11 Competition policy 347(32)
11.1 Introduction
347(1)
11.2 A critique of monopolies
348(7)
11.3 Competition policy: theoretical framework
355(3)
11.4 Competition policy: legal framework
358(13)
11.5 Conclusions
371(1)
Key terms
372(1)
Case studies
372(6)
Questions for discussion
378(1)
Further reading
378(1)
12 Privatisation and regulation 379(33)
12.1 Introduction
379(2)
12.2 Natural monopoly and public ownership
381(4)
12.3 Privatisation
385(5)
12.4 Regulation of utilities
390(9)
12.5 Franchising and competitive tendering
399(7)
12.6 Conclusions
406(1)
Key terms
406(1)
Case studies
406(5)
Questions for discussion
411(1)
Further reading
411(1)
Appendix Regression analysis 412(10)
Glossary 422(9)
Bibliography 431(30)
Index 461

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