Synopsis
Industrial economics has latterly undergone fundamental change. The structure-conduct-performance paradigm has been displaced by game-theoretic modelling of market behaviour, in which conduct moves to centre stage and structure is found jointly as part of an equilibrium determined by preferences, behaviour and technology. The firm has been rediscovered as a focus of study. There has been a renaissance of key style empirical work. Specialists review and explain key developments in the subject of industrial economics over the past decade or more.
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