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This unique and original Dictionary presents a fully inclusive
compilation of foundational concepts, models, methodologies, and
applications in the field of industrial organization. It
encompasses myriad facets of the topics, from its early days of
conception through to modern theoretical and empirical
methodologies.The Dictionary balances concise explanation with
comprehensive coverage, incorporating concepts such as the
structure-conduct-performance paradigm, the development of the
theory of the firm, the foundational contributions of game theory
and models of strategic interaction. More recent advances in
organization theory and managerial economics are also included, as
well as current advances in econometrics as applied to industrial
organization, and applications to regulation and antitrust
analysis. The Dictionary of Industrial Organization will prove an
indispensable reference tool for anyone involved with industrial
economics at any level, including academics, researchers, students,
consultants and practitioners. Contents: Introduction Dictionary of
Industrial Organization
Competition policy aims to prevent anticompetitive agreements and
mergers, limiting the abusive exercise of market power. The
formulation and application of this policy presents significant
challenges, which include showing that proposed mergers are
anticompetitive, proving that firms are members of cartels and
defending apparently restrictive vertical agreements. For this
insightful volume, the editor has selected key papers which
illustrate how far we have come towards meeting these challenges.
They provide comprehensive developmental coverage of the theory
that underpins and justifies competition policy, and of the
econometric tests that demonstrate its effects and violations. This
timely book will be an invaluable resource to researchers and
practitioners alike with an interest in this important subject.
This volume brings together the most significant articles which
have appeared over the past three decades analyzing the application
and effects of price discrimination. Discrimination is a pervasive
marketing practice that survives despite the attempts of regulators
to limit or eliminate its use; it is widespread also in
oligopolistic and imperfectly competitive markets. It is a practice
used by firms in pricing their products over product dimensions
such as space, time and quality, and it affects the ability of
firms to compete in other firms' markets or to protect their own.
This collection of articles by leading authors in the field
highlights what we know of the motivations for and the welfare
implications of price discrimination. It also presents a blueprint
for further work in this important area.
This unique and original Dictionary presents a fully inclusive
compilation of foundational concepts, models, methodologies, and
applications in the field of industrial organization. It
encompasses myriad facets of the topics, from its early days of
conception through to modern theoretical and empirical
methodologies.The Dictionary balances concise explanation with
comprehensive coverage, incorporating concepts such as the
structure-conduct-performance paradigm, the development of the
theory of the firm, the foundational contributions of game theory
and models of strategic interaction. More recent advances in
organization theory and managerial economics are also included, as
well as current advances in econometrics as applied to industrial
organization, and applications to regulation and antitrust
analysis. The Dictionary of Industrial Organization will prove an
indispensable reference tool for anyone involved with industrial
economics at any level, including academics, researchers, students,
consultants and practitioners. Contents: Introduction Dictionary of
Industrial Organization
The presence of nonconvexities does severe damage to conventional
theories of the firm and of the individual. The essential
contribution of location theory, however, is in a world in which
there are such nonconvexities. If resources are distributed evenly
and the usual convexity assumptions made, then economic activity
would be distributed evenly; there would be no concentration of pro
duction. Thus the statement that is usually made, that the standard
results carry over to a world in which there is spatial choice, is
too weak and fails to capture the essence oflocation theory.
Nevertheless, we must also concede that, while the introduction of
the spatial dimension is interesting and fruitful when (perhaps
only when) there are non convexities, space should not be thought
of as a panacea whereby problems those associated with economies of
scale, for example -can be made to disap pear. There is no
guarantee, for example, that production units will be operated in
convex regions of their total cost curves, even if they are
constrained to oper ate in a 'space economy'. These considerations
led to the conclusion that the role of spatial choice and the
determinants of such choice would be best analysed by case study.
This book is one such study. It is based on my doctoral
dissertation at the University of Cambridge, fmanced by a grant
from the Social Science Research Council."
The presence of nonconvexities does severe damage to conventional
theories of the firm and of the individual. The essential
contribution of location theory, however, is in a world in which
there are such nonconvexities. If resources are distributed evenly
and the usual convexity assumptions made, then economic activity
would be distributed evenly; there would be no concentration of pro
duction. Thus the statement that is usually made, that the standard
results carry over to a world in which there is spatial choice, is
too weak and fails to capture the essence oflocation theory.
Nevertheless, we must also concede that, while the introduction of
the spatial dimension is interesting and fruitful when (perhaps
only when) there are non convexities, space should not be thought
of as a panacea whereby problems those associated with economies of
scale, for example -can be made to disap pear. There is no
guarantee, for example, that production units will be operated in
convex regions of their total cost curves, even if they are
constrained to oper ate in a 'space economy'. These considerations
led to the conclusion that the role of spatial choice and the
determinants of such choice would be best analysed by case study.
This book is one such study. It is based on my doctoral
dissertation at the University of Cambridge, fmanced by a grant
from the Social Science Research Council."
This two-volume set provides 38 articles, the main contributions to
product differentiation theory, from early works to recent
advances. A taxonomy based on modern economic theory puts the
papers into a new perspective. The resulting collection gives the
reader the fundamental results in the field. Contributors include:
B.C. Eaton, H. Hotelling, N. Kaldor, M. Mussa, S.C. Salop, A.
Shaked, G.K. Yarrow.
This text traces developments in location theory, the economics of
space and value and spatial microeconomics from its early
beginnings in the work of von Thuenen to the most recent
applications in modern industrial organization and international
trade. The articles cover 1924 to 1992.
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