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Contestable markets and the theory of industry structure

Author: William J Baumol; John C Panzar; Robert D Willig
Publisher: San Diego : Harcourt Brace Jovanovich, ©1988.
Edition/Format:   Print book : EnglishView all editions and formats
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This 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  Read more...

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Document Type: Book
All Authors / Contributors: William J Baumol; John C Panzar; Robert D Willig
ISBN: 0155139118 9780155139114
OCLC Number: 423324530
Description: xxii, 538 p. : ill. ; 23 cm
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.
Responsibility: William J. Baumol, John C. Panzar, Robert D. Willig, with contributions by Elizabeth E. Bailey, Dietrich Fischer, Herman C. Quirmbach.

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