Advances in the Theory of Industrial Organization
Keywords:
industrial organization, structure conduct performance, economic regulation, game theory, theory of the firm, microeconomicsAbstract
This article presents the basis of a recent theoretical approach to Industrial Organization with increasing influence on the regulatory institutions in the United States and Europe. The main conclusion is that the widely accepted (and older) approach of Structure Conduct Performance should be qualified in light of a number of advances coming out of the approach reviewed here.Downloads
References
Alchian, A., & Demsetz, H. (1972). Production, information costs, and economic organization. American Economic Review, 62(5), 777–795.
Bain, J. (1941). The profit rate as a measure of monopoly power. Quarterly Journal of Economics, 55(2), 271–293. https://doi.org/10.2307/1882062
Bain, J. (1951). Relation of profit rate to industry concentration: American manufacturing, 1936-1940. Quarterly Journal of Economics, 65(3), 293–324. https://doi.org/10.2307/1882217
Bain, J. (1968). Industrial organization. John Wiley & Sons.
Baumol, W. (1968). Entrepreneurship in economic theory. American Economic Review, 58(2), 64–71.
Blair, R., & Peles, Y. (1980). Conglomerate mergers: Efficiency considerations. In R. Blair & R. Lanzillotti (Eds.), The conglomerate corporation. Oelgeschlager, Gunn & Hain.
Bork, R. (1978). The antitrust paradox. Basic Books.
Brozen, Y. (1970). The antitrust task force deconcentration recommendation. Journal of Law and Economics, 13(2), 279–292. https://doi.org/10.1086/466694
Brozen, Y. (1971). Bain's concentration and rates of return revisited. Journal of Law and Economics, 14(2), 351–369. https://doi.org/10.1086/466713
Caves, R. (1967). American industry: Structure, conduct and performance. Prentice-Hall.
Chamberlin, E. H. (1933). The theory of monopolistic competition. Harvard University Press.
Cournot, A. (1927). Mathematical principles of the theory of wealth.
Demsetz, H. (1968). Do competition and monopolistic competition differ? Journal of Political Economy, 76(1), 146–148.
Demsetz, H. (1973a). Industry structure, market rivalry, and public policy. Journal of Law and Economics, 16(1), 1–9. https://doi.org/10.1086/466752
Demsetz, H. (1973b). The market concentration doctrine. American Enterprise Institute for Public Policy Research.
Demsetz, H. (1982). Barriers to entry. American Economic Review, 72(1), 47–57.
Demsetz, H. (1984). Purchasing monopoly. In D. C. Colander (Ed.), Neoclassical political economy. Ballinger.
Dewey, D. (1979). Information, entry, and welfare: The case of collusion. American Economic Review, 69(3).
Dixit, A. (1979). A model of duopoly suggesting a theory of entry barriers. Bell Journal of Economics, 10(1), 20–32. https://doi.org/10.2307/3003317
Ferguson, J. M. (1974). Advertising and competition: Theory, measurement, fact. Ballinger.
Fisher, F. M. (1979). Diagnosing monopoly. Quarterly Review of Economics and Business, 19(2).
Green, E., & Porter, R. (1984). Noncooperative collusion under imperfect price information. Econometrica, 52(1), 87–100. https://doi.org/10.2307/1911462
Hay, D. A. (1976). Sequential entry and entry-deterring strategies in spatial competition. Oxford Economic Papers, 28(2), 240–257. https://doi.org/10.1093/oxfordjournals.oep.a041343
Hirshleifer, J. (1984). Price theory and applications (3.ª ed.). Prentice-Hall.
Iglesias, A., & Paredes, R. (1986). Orientaciones para una ley antimonopolios [Mimeo].
Kenney, R., & Klein, B. (1983). The economics of block booking. Journal of Law and Economics, 26(3), 497–540. https://doi.org/10.1086/467048
Kilby, P. (1971). An entrepreneurial problem. American Economic Review, 61(2), 248–253.
Klein, B., & Leffler, K. (1981). The role of market forces in assuring contractual performance. Journal of Political Economy, 89(4), 615–641.
Klein, B., & Murphy, K. (1984). The economics of resale price maintenance (Working Paper N.º 332). Department of Economics, UCLA.
Klein, B., & Saft, L. (1985). The law and economics of franchise tying contracts [Mimeo]. Department of Economics, UCLA.
Kreps, D., & Wilson, R. (1982). Reputation and imperfect information. Journal of Economic Theory, 27(2), 253–279. https://doi.org/10.1016/0022-0531(82)90030-8
Leibenstein, H. (1966). Allocative efficiency vs. «X-efficiency». American Economic Review, 56(3), 392–415.
Marvel, H. (1982). Exclusive dealing. Journal of Law and Economics, 25(1), 1–25. https://doi.org/10.1086/467004
McGee, J. (1980). Predatory pricing revisited. Journal of Law and Economics, 23(2), 289–330. https://doi.org/10.1086/466963
McNulty, P. (1968). Economic theory and the meaning of competition. Quarterly Journal of Economics, 82(4), 639–656. https://doi.org/10.2307/1879604
Meller, P., & Swinburn, C. (1973). 5.000 índices de concentración industrial, Chile: Año 1967 (Documento de Trabajo N.º 19). Universidad Católica de Chile.
Milgrom, P., & Roberts, J. (1982). Predation, reputation, and entry deterrence. Journal of Economic Theory, 27(2), 280–312. https://doi.org/10.1016/0022-0531(82)90031-x
Montt, F., & Paredes, R. (1987). Análisis del mercado de los combustibles en Chile [Mimeo]. Departamento de Economía, Universidad de Santiago de Chile.
Muñoz, O. (1986). El rol de los empresarios en el desarrollo: Enfoques y problemas. Colección Estudios CIEPLAN.
Paredes, R. (1986). Una revisión crítica a la teoría de colusión. Cuadernos de Economía, (69).
Paredes, R. (1987). Costos de transacción y jurisprudencia antimonopolios [Mimeo]. Departamento de Economía, Universidad de Santiago de Chile.
Phillips, A. (1970). Structure, conduct and performance — and performance, conduct and structure? In J. Markham & G. Papanek (Eds.), Industrial organization and economic development: In honor of E. S. Mason. Houghton Mifflin.
Prescott, E., & Visscher, M. (1977). Sequential location among firms with foresight. Bell Journal of Economics, 8(2), 378–393. https://doi.org/10.2307/3003293
Salop, S. C. (1979). Strategic entry deterrence. American Economic Review, 69(2), 335–338.
Schumpeter, J. (1942). The process of creative destruction. In Capitalism, socialism and democracy (3.ª ed.). Harper & Row.
Smirlock, M., Gilligan, T., & Marshall, W. (1984). Tobin's q and the structure-performance relationship. American Economic Review, 74(5), 1051–1060.
Spence, A. M. (1977). Entry, capacity, investment and oligopolistic pricing. Bell Journal of Economics, 8(2), 534–544. https://doi.org/10.2307/3003302
Stigler, G. (1964). A theory of oligopoly. Journal of Political Economy, 72(1), 44–61. https://doi.org/10.1086/258853
Stigler, G. (1967). Imperfections in the capital market. Journal of Political Economy, 75(3), 287–292. https://doi.org/10.1086/259279
Stigler, G. (1968a). Competition. In The organization of industry. University of Chicago Press.
Stigler, G. (1968b). Price and non-price competition. Journal of Political Economy, 76(1), 149–154. https://doi.org/10.1086/259391
Teece, D. (1980). Economies of scope and the scope of the enterprise. Journal of Economic Behavior and Organization, 1(3), 223–247. https://doi.org/10.1016/0167-2681(80)90002-5
Warren, R. (1969). Economics of closed territory distribution. Antitrust Law and Economics Review, 2(2).
Williamson, O. (1977). Predatory pricing: A strategic and welfare analysis. Yale Law Journal, 87(2), 284–340. https://doi.org/10.2307/795652
Williamson, O. (1985). The economic institutions of capitalism. Free Press.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 1987 Ricardo Paredes
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Article usage
- ViewsTimes this article's page was opened since the journal started recording statistics. One person can visit more than once.
- 112
- DownloadsTimes the full text of this article (usually the PDF) was opened or downloaded.
- 162
All time, as recorded by the journal.
Last 2 years: 50 views, 100 downloads.
1.45 downloads per view (journal average 1.65).Downloads of the full text for every abstract view of this article, compared with the whole journal.
Explore the journal's metrics
