Publisher's Synopsis
This is a collection of surveys of the most important branches of the New Industrial Organization literature, written by the leading figures in the recent theoretical development of this field. Their common theme is the endogeneity of industrial structure: the recognition that the structure of an industry is an element itself in need of explanation, rather than being the exogenous determinant of firms' behaviour.;The volume opens with a substantial introduction by the editors which comprehensively reviews the transition from the classical structure-conduct-performance paradigm to the New Industrial Economics and which provides a framework for considering the essays which follow. Those essays cover product differentiation, porential competition, collusive agreements, vertical restraints, predatory pricing and empirical tests.
