Empirical Studies in Industrial Organization

Empirical Studies in Industrial Organization : Essays in Honor of Leonard W.Weiss

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"Empirical Studies in Industrial Organization" brings together leading scholars who present state-of-the-art research in the spirit of the structure-conduct-performance paradigm embodied in the work of Leonard W. Weiss. The individual chapters are generally empirically or public policy oriented. A number of them introduce new sources of data that, combined with the application of appropriate econometric techniques, enable new breakthroughs and insights on issues hotly debated in the industrial organization literature. For example, five of the chapters are devoted towards uncovering the link between market concentration and pricing behavior. While theoretical models have produced ambiguous predictions concerning the relationship between concentration and price, these chapters, which span a number of different markets and situations, provide evidence that a high level of market concentration tends to result in a higher level of prices. Three of the chapters explore the impact of market structure on production efficiency, and three other chapters focus on the role of industrial organization on public policy.
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Product details

  • Hardback | 300 pages
  • 156 x 233.9 x 19.1mm | 598.75g
  • Dordrecht, Netherlands, United States
  • English
  • index
  • 0792318064
  • 9780792318064

Table of contents

Leonard Weiss's contributions to research in industrial organization, F.M. Scherer; costs, demand and imperfect competition as determinants of plant-level output prices, T. Dunne and M.J. Roberts; the functional relationship between prices and market concentration - the case of the banking industry, T.H. Hannan; the effectiveness and stability of highway bid-rigging, L.E. Brannman and J.D. Klein; price changes and mergers in US manufacturing 1985-1986, J.F Stewart and Sang-Kwon Kim; price changes from 1958 to 1982, C.M.L. Kelton; problems in the conceptualization of markets for the analysis of competitive processes, P. Auerbach et al; predatory pricing - where do we stand?, R.H. Koller II; antitrust and the political process, R. Pittman; sub-optimal scale plants and compensating factor differentials in US and Japanese manufacturing, D.B. Audretsch and H. Yamawaki; technical inefficiency, rent-seeking and excess profits in US manufacturing industries 1977, R.E. Caves; productivity changes in the US electrical power industry, J.D. Klein et al; ownership structure and profitability, M. Hirschey and M. Fedenia; entry and exit in US manufacturing industries from 1977 to 1982, J.J. Siegfried.
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