Author Description

This book is a substantially revised and updated edition of the authors' Industrial Economics. Providing a comprehensive review of recent theoretical and empirical works, the authors integrate traditional analysis of the effect of market structure on performance with analysis of the behavior of large diversified firms that act to change market structure over time. Intended for advanced undergraduate and graduate students of industrial economics, and incorporating the latest theoretical developments, the book also features an exposition of the theory of growth of the firm, and detailed discussions of goals, finance and investment, and optimal resource allocation under uncertainty.