Industrial Economics: Issues and Perspectives (2nd edition) / Edition 2

Industrial Economics: Issues and Perspectives (2nd edition) / Edition 2

by Paul R. Ferguson, Glenys Ferguson
     
 

ISBN-10: 0814726240

ISBN-13: 9780814726242

Pub. Date: 04/01/1994

Publisher: New York University Press

Industrial economics has reach a cross roads in its development; the established approach, based on the neoclassical theory of the firm, it now being challenged by a variety of ideas and concepts. Paramount among these are developments within institutions, economics and the world of the Austrian School. This revised and updated edition of Paul Ferguson's successful

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Overview

Industrial economics has reach a cross roads in its development; the established approach, based on the neoclassical theory of the firm, it now being challenged by a variety of ideas and concepts. Paramount among these are developments within institutions, economics and the world of the Austrian School. This revised and updated edition of Paul Ferguson's successful textbook integrates these new approaches into a critical exposition of neoclassical theory. While the first edition presented the work of the Austrian School as the main counter to the traditional (neoclassical) paradigm, this new edition widens the theoretical approaches considered. The volume now encompasses all the major variants of what is becoming known as the new institutional economics. Topics discussed include: Subjects which neoclassical analysis has always found difficult to accommodate, such as innovation and advertising, topical problems, such as privatization and deindustrialization. Areas of particular importance for policy formation, such as monopoly.

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Product Details

ISBN-13:
9780814726242
Publisher:
New York University Press
Publication date:
04/01/1994
Edition description:
2
Pages:
536
Product dimensions:
6.00(w) x 9.00(h) x 1.00(d)

Table of Contents

List of Figures
List of Tables
Acknowledgements
Preface to the First Edition
Preface to the Second Edition
1Introduction1
2The Structure-Conduct-Performance Paradigm13
3Market Concentration38
4The Advertising Debate60
5Monopolies - Good or Bad?83
6Invention, Innovation and Diffusion108
7The Foundations of Industry Policy136
8Industry Policy in Practice160
9State or Private Control?194
10Deindustrialisation230
11Concluding Note259
Appendix 1 An Example of the Approach of the New Industrial Organisation262
Appendix 2 The Dorfman and Steiner Condition for Optimal Advertising Levels265
Appendix 3. Harberger's Method of Estimating the Welfare Effects of Monopoly268
Appendix 4. Cowling and Mueller's Method of Estimating the Welfare Effects of Monopoly269
References271
Author Index299
Subject Index304

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