Industrial organization is a field of economics that studies the structure of and boundaries between firms and markets and the strategic interactions of firms. The study of industrial organization adds to the perfectly competitive model real-world frictions such as limited information, transaction costs, costs of adjusting prices, government actions, and barriers to entry by new firms into a market that may be associated with imperfect competition.
Description: More than 40 of the top researchers in this field have written chapters that go from the foundations to the state of the art. Basic chapters on algorithmic methods for equilibria, mechanism design and combinatorial auctions are followed by chapters on important game theory applications such as incentives and pricing, cost sharing, information markets and cryptography and security. This definitive work will set the tone of research for the next few years and ...
MIT Libraries
Description: Title page includes summary
Kett's Rebellion, England, 1549
Trends in Telephone Service is published by the Industry Analysis and Technology Division of the Federal Communication Commissionâs Wireline Competition Bureau. This report is designed to provide answers to some of the most frequently asked questions about the telephone industry -- questions asked by consumers, members of Congress, other government agencies, telecommunications carriers, and members of the business and academic communities. To this end, the report contain...
Government Reference Publication
Potential Relationships Between Market Structure and Innovation -- ?Schumpeterian Hypothesis?: Large firms in concentrated markets are more likely to support innovation. -- Innovation shapes market structure. -- Market Structure and innovation are simultaneously shaped by underlying market characteristics, such as innovative opportunities and appropriability.
Nutrition Reference Publication
Excerpt: Outline ... Background ... Overview of abatement and transaction costs ... Reducing transaction costs ... A model to analyze the effect of project design ... The measurement problem ... Conclusions ...
This report presents the estimates of trade transaction costs in APEC for each year from 2006 to 2010. The estimates are to form part of the Final Assessment of TFAP II and are to be based on the methodology and approach that was developed for the Interim Assessment of that Plan.
Structural models are becoming increasingly used in industrial organization. These methods are useful in markets because they allow for a logic link between game theory and empirical practice.
Abstract: This paper evaluates a model of sequential innovation in which industry structure (the number of firms) is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection. In equilibrium, the number of firms actively engaged in R&D is the primary determinant of an industry?s rate of progress. The patentability standard affects firms' entry decisions because it affects the expected profits associated with innovations.
Excerpt: As Professor Wagner so eloquently stated in his comments, Professor Pejovich's paper is an important contribution for understanding the difference in progress that nations are making in the transition from socialism to capitalism. In transition states, the prevailing culture favors collectivism, egalitarianism, emphasis on extended family, and shared values. Such a culture supports an activist, paternalistic state. In contrast, a capitalist economy requires a cu...