Industrial Organization

'This is a text which scores by being up-to-date in both theory and evidence in blending the latest thinking with clarity and simplicity of exposition.' - J Crook, Management School, Edinburgh Univ'Very comprehensive in coverage ...' - Michael Wood, South Bank University

Autorentext
Kenneth George, Caroline Joll, E L Lynk

Klappentext
As most economies remain caught in a global recession that shows little sign of abatement, the importance of maintaining a flourishing industrial sector for the economic well-being of a country becomes even more crucial.
"Industrial Organisation," now in its fourth edition, provides a clear and definitive introduction to this subject. The book addresses economic problems and policy issues that arise from the activities of firms. The authors reject the traditional micro-economic analysis of market structure in favor of a study of conduct and performance in the context of macro-economic policy and the environment which this provides for firms.
Substantially revised and updated to incorporate developments in the subject since the publication of the last edition, "Industrial Organisation" includes four new chapters which reflect the major new areas of interest in industrial economics over the last decade. These include the increasing importance of the service sector and problems of relatively low productivity growth within this, and questions relating to increased levels of international competition in a more open world economy. It provides a comparative study of the United States, the United Kingdom, and the European Community. Mathematics and econometric knowledge are kept to a minimum, making this the most accessible and stimulating introduction available on this subject.

Zusammenfassung
As most economies remain caught in a global recession, that shows little sign of abatement, the importance of maintaining a flourishing industrial sector for the economic wellbeing of a country has rarely been so relevant.
Industrial Organisation has long served as a basic introduction to this subject. The book is concerned with economic problems and policy issues that arise from the activities of firms. The authors reject the traditional micro-economic analysis of market structure in favour of studying conduct and performance in the context of macro-economic policy and the environment which this provides for firms.
Substantially revised and updated to take account of developments in the subject since the publication of the last edition, Industrial Organization includes four new chapters which reflect the major new areas of interest in industrial economics over the last decade. These include the increasing importance of the service sector and problems of relatively low productivity growth within this, and questions relating to increased levels of international competition in a more open world economy. This is a comparative study, drawing on empirical evidence from the UK, USA and the EC. Mathematical and econometric requirements are kept to a minimum, and the text has long been regarded as the most accessible introduction to the subject.

Inhalt
1: Structural change; 2: Business goals and behaviour; 3: The growth of firms; 4: Business performance; 5: Market structure; 6: Dominant firms; 7: Oligopoly pricing; 8: Product differentiation; 9: Invention and innovation; 10: Potential competition and entry deterrence; 11: Market structure, conduct and profitability; 12: Welfare losses and resource misallocation; 13: Natural monopoly; 14: Introducing competition; 15: Maintaining competition; 16: Maintaining competition

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