Contestable markets and the theory of industry structure
Author(s)
Bibliographic Information
Contestable markets and the theory of industry structure
Harcourt Brace Jovanovich, c1988
Revised ed
Available at / 62 libraries
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
338.0-262-2s081000084192*
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Note
Bibliography: p. 511-522
Includes index
Description and Table of Contents
Description
This classic text presents an integrative theory of what determines prices and industrial structure in contestable markets. The exposition extends theory and technique and suggests some unique perspectives from which to view regulatory and deregulatory policy. All analysis is done both graphically and mathematically, and in certain chapters the authors provide nontechnical insights and views about the implications of theory for public policy.
Table of Contents
Objectives and Orientation. Industry Structure and Performance in Perfectly Contestable Markets: The Single Product Case. Ray Behavior and Multiproduct Returns to Scale. Cost Concepts Applicable to Multiproduct Cases. The Cost-Minimizing Industry Structure. Input-Price Changes, Cost Functions, And Efficient Industry Structure. Natural Monopoly: Sufficient Conditions for Subaddivity. Monopoly Equilibrium. Equilibrium in the Multiproduct Competitive Industry. Fixed Costs, Sunk Costs, Entry Barriers, Public Goods, And Sustainability of Monopoly. Sustainable Industry Configurations: General Industry Structures in Contestable Markets. Powers of the Market Mechanism. Intertemporal Sustainability. Intertemporal Unsustainability. Toward Empirical Analysis. Toward Application of the Theory. Developments Since the Book. Bibliography. Index.
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