管理Review: Contestable Markets and the Theory of Industry Structure: A Review Article

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Review: Contestable Markets and the Theory of Industry Structure: A Review Article

文献名称	Review: Contestable Markets and the Theory of Industry Structure: A Review Article
文献作者	Michael Spence
作者所在单位	Harvard University
文献分类	已发表文献
学科一级分类	管理
学科二级分类	管理学
文献摘要	PHE NEW BOOK by William J. Baumol, John C. Panzar and Robert D. Willig is the culmination of several years of research on the related problems of understanding multiproduct cost structures and their implications for competition and market performance. It is a significant book for several reasons. The empirical reality that forms the starting point for the theoretical work is, I think, widely recognized to be important. Cost structures constitute one of the foundations of competitive strategy, and strongly influence industry structure. Notwithstanding this fact, the amount of microeconomic theory directed toward competitively relevant attributes of costs has been, if not minimal, then certainly more limited than the subject deserves. In fact, prior to the work of our authors, economists and business strategists did not have a language or a set of concepts with which to talk precisely about scale economies in a multiproduct setting. We now have at least the beginnings of such a language, and a body of theory that provides a grammar for using it. The theory of contes
参考文献	BAUMOL, WILLIAM J. AND BRADFORD, DAVID. "Optimal Departures from Marginal Cost Pricing," Amer. Econ. Rev., June 1970, 60(3), pp. 265-83. ; BAILEY, ELIZABETH E. AND WILLIG, ROBERT D. "Weak Invisible Hand Theorems on the Sustainability of Multiproduct Natural Monopoly," Amer. Econ. Rev., June 1977, 67(3), pp. 350-65. WEITZMAN, MARTIN. "Fixed Costs and Sunk Costs," Unpubl., MIT, Mar. 1982.
关键字	Contestable Markets ; Industry Structure
发表所在刊物（或来源）	Journal of Economic Literature, Vol. 21, No. 3 (Sep., 1983), pp. 981-990
发表时间	Sep., 1983
适用研究领域	管理学
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