In this book some of Europe's leading experts on industrial issues provide a critical and independent analysis of the main aspects of European industrial policy, as a possible positive response to the imperfections of modern industrial markets. The analysis is performed at three levels: macroeconomic, sectoral, and microeconomic.

European Industry: Public Policy and Corporate Strategy (Centre for European Policy Studies)

Business & Money

Jacquemin, Alexis

Economics

Oxford University Press

The New Industrial Organization

Mehta, Fatemah [Translator]

The MIT Press

The New Industrial Organization: Market Forces and Strategic Behavior (The Mit Press)

This timely book surveys and illuminates the recent literature on industrial organization by contrasting the analyses based on the idea of "natural" adaptation of industry to environmental conditions and those that focus on the "strategic" dimension and manipulation of environment. Among the topics dealt with are the sociobiology of economic organizations and such allied issues as evolutionary economics, natural selection, and adaptation; game-theoretic models of strategic behavior; and the social, political, and legal implications of industrial policy.In the introduction, Jacquemin discusses and compares the features of classical industrial organization and those of the "new industrial organization." The first chapter - on market selection processes - sounds the book's keynote. It blends traditional themes such as long-run competitive equilibrium and Darwinian economic selection with recent research on contestable markets and equilibrium in imperfectly competitive industries. It also sharply contrasts the views of the natural selection theory and the maximization process on the one hand, with those of the new industrial organization and strategic behavior, on the other.Other chapters deal with oligopoly, concentration, and market power; with barriers to entry, both natural and strategic; with open problems in organization theory (a treatment that blends Williamson's transactions-costs concept with analytical modes to explain the divisionalization of the modern corporation, including Japanese firms); and with intersections of industrial policy and social theory. The last chapter discusses broad social issues, relating such diverse topics as Japanese industrial policy (MITI), Hirschman's "Exit, Voice, and Loyalty," and the writings of Rawls and Nozick.

The New Industrial Organization: Market Forces and Strategic Behavior

Mehta, Fatemeh

Mit Pr

MIT Press]

Merger and Competition Policy in the European Community (Devries Lectures in Economics Series)

Blackwell Pub.

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