This is a new, revised and updated edition of Paul Ferguson's successful textbook. Industrial Economics has reached a crossroads in its development; the established approach, based on the neoclassical theory of the firm, is being challenged by a variety of ideas and concepts. Paramount among these are transactions costs, public choice theory and the work of the Austrian School. Industrial Economics integrates these new approaches alongside a critical exposition of traditional theory.
Introduction - The Structure-Conduct-Performance Paradigm - Market Concentration - The Advertising Debate - Monopolies: Good or Bad? - Invention, Innovation and Diffusion - The Foundations of Industrial Policy - Industrial Policy in Practice - State or Private Control - Deindustrialisation - Concluding Comments
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- ID: 9780333614921
2nd Revised edition
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