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Written solely for the undergraduate audience, Industrial Organization: Theory and Practice, which features early coverage of Antitrust, punctuates its modern introduction to industrial organization with relevant empirical data and case studies to show students how to apply theoretical tools.
World steel production has grown dramatically as countries industrialize and add their own steel-producing capacity. China's prodigious expansion of steel output has increased the industry's natural vulnerability to oversupply and volatile prices. And the merger of the two largest steelmakers, Arcelor and Mittal, portends consolidation as a prime strategy for diversification and stabilization. This book examines the competition and survival strategies of the integrated steel industry from various vantage points including cost structures and technology, export pricing strategies, the economics of trade protection, Paul Krugman's Nobel Prize-winning explanation of industrial diffusion and trade, and the prospects of cooperating closely with automakers. The industry's future, Big Steel shows, is cosmopolitan.
A new approach in commons theory to understand the interactions of technology, society, and nature, supported by case studies of new transnational European commons. With the advent of modernity, the sharing of resources and infrastructures rapidly expanded beyond local communities into regional, national, and even transnational space—nowhere as visibly as in Europe, with its small-scale political divisions. This volume views these shared resource spaces as the seedbeds of a new generation of technology-rich bureaucratic and transnational commons. Drawing on the theory of cosmopolitanism, which seeks to model the dynamics of an increasingly interdependent world, and on the tradition of comm...
This book contains a selection of the papers presented at the third annual Middlebury College Conference on Economic Issues, held in April, 1981. The theme of the conference was "Industrial Organization and Public Policy. '' It is perhaps testimony to the complexity of our industrial structure that thirty years have passed without legislative action on antitrust even as the field of industrial organization has been heavily mined by scholars. Evidence that Congress prefers a hands-off policy seems now stronger than ever. This book seeks to present analyses and assessments that would aid the reader in judging the correctness of such public policy. Alfred Kahn, in Part I, questions whether scho...
This collection of original essays by economists and lawyers addresses important aspects of antitrust and regulation, such as the U.S. government's merger guidelines, antitrust in regulated industries, the connection between profitability and market share, and the question of what constitutes anticompetitive behavior. The book combines economic and legal analysis to inform policymaking with theory as well as the lessons of experience in the petroleum, electric power, computer, retail food, and telecommunications industries. Antitrust and Regulationopens with John McGowan's previously unpublished background paper, "Mergers for Power or Progress," for the merger guidelines taskforce which reco...