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Applied Industrial Organization - Towards a Theory-Based Empirical Industrial Organization (Paperback, Softcover reprint of hardcover 1st ed. 1994)
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Applied Industrial Organization - Towards a Theory-Based Empirical Industrial Organization (Paperback, Softcover reprint of hardcover 1st ed. 1994)
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Applied Industrial Organization offers a perspective on the
richness of empirical industrial organization studies. Some papers
derive empirical implications from theoretical models, but other
papers start from empirical evidence and construct a theory. Three
major topics are explored: the role of innovation, the evolution of
market structure and firms, and the determinations of performance.
As the central force of market economies, innovation is the essence
of competition and results in changes to market structures. Other
forces driving the evolution of markets and firms are also
analyzed. Finally, the determinants of profitability are
investigated. In particular, characteristics such as price
flexibility, successful lenders and monopoly regulation are
examined. Contributors include F.M. Scherer, Paul Geroski, John
Hey, David Audretsch, Manfred Neumann, among others.
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