Applied Industrial Economics
Louis Phlips, "Applied Industrial Economics"
English | 1998-10-28 | ISBN: 0521629543 | 453 pages | PDF | 10.1 mb
English | 1998-10-28 | ISBN: 0521629543 | 453 pages | PDF | 10.1 mb
This book is an important collection of papers published over the past ten years in American and European journals. Part 1 explains market structure as a function of sunk costs and market size. Part 2 illustrates the central role of pricing schemes (including parallel pricing, delivered pricing and competition clauses) in sustaining equilibrium outcomes in oligopolistic markets. Parts 3 and 4 give a game-theoretic foundation to competition policy and merger control. Louis Phlips offers a comprehensive introduction to the text in which he very carefully explains the reasoning behind his choice of papers, and provides a superb synthesis of the material.