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Industrial Organization


Industrial organization is a field of economics that studies the structure of and boundaries between firms and markets and the strategic interactions of firms. The study of industrial organization adds to the perfectly competitive model real-world frictions such as limited information, transaction costs, costs of adjusting prices, government actions, and barriers to entry by new firms into a market that may be associated with imperfect competition.

 
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The Effects of Transaction Costs and Different Borrowing and Lendi...

By: University of Illinois at Urbana-Champaign. College of Commerce and Business Administration

Description: This paper solves a stochastic differential equation to demonstrate that the market imperfections of transaction costs and different borrowing and lending rates partially offset each other to yield a range of equilibrium prices for an option. The Black-Scholes model price is shown to be in the lower portion of, or entirely below, the equilibrium range. These observations are used to explain several of the mythical anomalies found in the option pricing litera...

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Identifying the Factors That Influence Small-Scale Farmers Transac...

By: Lone B. Badstue

Nutrition Reference Publication

Excerpt: This paper presents the findings of an exploratory study with the purpose of identifying the factors that influence the transaction costs of acquiring seed for maize growing small-scale farmers in the Central Valleys of Oaxaca, Mexico. A formal seed sector has yet to develop in this region, and most farmers therefore continue to produce their own maize seed year after year. However, maize farmers in the study area occasionally acquire seed from other sources, mo...

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Innovation, Market Structure and the Holdup Problem : Investment I...

By: Abraham L. Wickelgren

Government Reference Publication

Abstract: I analyze the innovation incentives under monopoly and duopoly provision of horizontally differentiated products purchased via bilateral negotiations, integrating the market structure and innovation literature with the holdup literature. I show that competition can improve local incentives for non-contractible investment. Because innovation levels are generally strategic substitutes, however, there can be multiple duopoly equilibria. In some circumstances, mono...

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Market Structure and the Flow of Information in Repeated Auctions

By: Charles J. Thomas

Government Reference Publication

Abstract: There is an ongoing public policy debate regarding vertical integration and its concomitant information flows. Of particular concern is that the information derived by an auctioneer (such as a distributor) will be shared with its integrated bidder (such as a manufacturer), leading to a reduction in competition between the bidders. Similar competitive concerns arise regarding bid revelation policies, such as those used in public sector procurement. Modeling such...

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On Numbers and Endgames: Combinatorial Game Theory in Chess Endgames

By: Noam D. Elkies

Mathematics document containing theorems and formulas.

Excerpt: It was already noted in Winning Ways [Berlekamp et al. 1982, p. 16] that combinatorial game theory (CGT) does not apply directly to chess, because the winner of a chess game is in general not determined by who makes the last move, and indeed a game may be neither won nor lost at all but drawn by infinite play.1 Still, CGT has been effectively applied to other games such as Dots-and-Boxes and Go, which are not combinatorial games in the sense ofWinning Ways. The ...

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The Role of Policy and Industry Structure in India's Oilseed Markets

By: Suresh Persaud
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Research Investments and Market Structure in the Food Processing, ...

By: Keith O. Fuglie
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Local Bank Office Ownership, Deposit Control, Market Structure, an...

By: Robert N. Collender
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Bank Market Structure and Local Employment Growth

By: Robert N. Collender
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Reducing Trade Transaction Costs: Harmonization of Standards and C...

By: Graeme Drake

This report provides information and findings on the evaluation of the Key Performance Indicators of the APEC Sub-Committee on Standards and Conformance (SCSC) for the period 2006-2010 (the period associated with the Second APEC Trade Facilitation Action Plan (TFAPII)).

1. Background Of The Study -- 2. Research Objectives And Methodology -- 3. Findings And Analysis On The Key Performance Indicators -- 4. Conclusions -- Appendix --

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Why parties in a cartel will cheat : Game Theory of Cheating Firms

By: Sal Khan

Pareto Optimality and more on Nash Equilibrium. Seeing how cheating duopolists parallels the prisoners dilemma

You know what Nash equilibrium is (from the other tutorial). Now we apply it to a scenario that is fairly realistic--parties to a cartel cheating. A cartel is a group of actors that agree (sometimes illegally) to coordinate their production/pricing to max

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Monopoly and Competition, A Study in English Industrial Organization

By: Hermann Levy

Economic Theory Literature

Excerpt: Chapter I. The History of Early Capitalism. When the Industrial Revolution began in the second half of the eighteenth century, the organisation of English industry was better prepared for an advance than that of any other European state. It is true that, as elsewhere, industrial undertakings found their freedom of movement restricted by the survival, partly in law and partly in custom, of the gild system; but much as these restrictions were opposed to the intere...

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Industrial Organization in the Sixteenth and Seventeenth Centuries...

By: George Unwin

Economic Theory Literature

Preface: THIS book has grown up out of a piece of research which I planned as a student of Berlin in 1898, and commenced to carry out as a student of the London School of Economics in the following year. An article published in the Economic Journal for September 1900, under the title, 'A Seventeenth- Century Trade Union', which was the first outcome of this investigation, has, with the kind permission of the editors, been reproduced almost in full in Section 4 of Chapter...

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Politics, Transaction Costs, And the Design of Regulatory Institutions

By: David Martimort

Economics

With the wave of infrastructure privatization that has spread throughout the world, many countries are working on the creation of new regulatory institutions to monitor the behavior and performance of their newly privatized infrastructure monopolies. Little conceptual work has been done on the optimal design of these new institutions. To try to improve our understanding of what this design should take into account, it seems reasonable to try to review the work on organiz...

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Proposed New Industry Structure for Food Services and Drinking Pla...

By: U.S. Census Bureau Department

Statistical Reference Document

Excerpt: The detailed NAICS structure along with a brief description of the structure is attached (Attachments 1 and 2). Each country agrees to release a copy of the proposed NAICS structure to interested data users. Comments received will be shared among the countries and discussions held before a final decision on the structure is made. Each country may add additional detailed industries, below the 4-digit level of NAICS, as necessary to meet national needs, so long as...

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Proposed New Industry Structure for Food Manufacturing and Beverag...

By: U.S. Census Bureau Department

Statistical Reference Document

Excerpt: The detailed NAICS structure along with a brief description of the structure is attached (Attachments 1 and 2). Each country agrees to release a copy of the proposed NAICS structure to interested data users. Comments received will be shared among the countries and discussions held before a final decision on the structure is made. Each country may add additional detailed industries, below the 4-digit level of NAICS, as necessary to meet national needs, so long as...

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Proposed New Industry Structure for Fabricated Metal Product Manuf...

By: U.S. Census Bureau Department

Statistical Reference Document

Excerpt: The detailed NAICS structure along with a brief description of the structure is attached (Attachments 1 and 2). Each country agrees to release a copy of the proposed NAICS structure to interested data users. Comments received will be shared among the countries and additional discussions will be held before a final decision on the structure is made. Each country may add additional detailed industries, below the 4-digit level of NAICS, as necessary to meet nationa...

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Proposed New Industry Structure for Machinery Manufacturing

By: U.S. Census Bureau Department

Statistical Reference Document

Excerpt: The industries included in the Machinery Manufacturing subsector create end products that apply mechanical force, for example, the application of gears and levers to perform work. Some important processes for manufacture of machinery are forging, stamping, bending, forming, and machining that are used to shape individual pieces of metal. Processes such as welding and assembling are used to join separate parts together. These processes are similar to those used i...

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Proposed New Industry Structure for Electrical Equipment, Applianc...

By: U.S. Census Bureau Department

Statistical Reference Document

Excerpt: Representatives of the statistical agencies of Canada, Mexico, and the United States agree to a draft industrial classification for these industries. This draft classification applies to the subsector, Electrical Equipment, Appliance and Component Manufacturing. This subsector is sub-divided into four industry groups and nine industries. This subsector is part of the Manufacturing sector.

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Proposed New Industry Structure for Transportation Equipment Manuf...

By: U.S. Census Bureau Department

Statistical Reference Document

Excerpt: Representatives of the statistical agencies of Canada, Mexico, and the United States agree to a draft industrial classification for these industries. The draft classification provides for the subsector, Transportation Equipment Manufacturing. This subsector is further subdivided into seven industry groups and fifteen industries. The subsector will be part of the Manufacturing sector of the classification.

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