As the platform economy continues to reshape the way we live, work, and consume, firms across industries are increasingly dependent upon platforms to engage with customers. Although prior research highlights how these firms develop strategic responses to cope with risks and vulnerabilities...

Usually, health policy makers face a trade-off between benefits and costs from healthcare markets regulation and deregulation. We argue that these markets and policy reforms should not be studied in isolation as the effects from regulation in one market spillover to other markets. In particular,...

As the platform economy continues to reshape the way we live, work, and consume, firms across industries are increasingly dependent upon platforms to engage with customers. Although prior research highlights how these firms develop strategic responses to cope with risks and vulnerabilities...

The Federal Communications Commission (FCC) established a separate Office of Economics and Analytics (OEA) in December 2018 to promote more consistent quality and use of economic analysis in its decisions. The agency's reorganization concentrated economists who previously were dispersed across...

The value principle in organizational economics states that the net market value of the goods that a firm sells is a key determinant of its organizational design. We survey and extend some recent developments in the theoretical literature at the nexus of organizational and industrial economics,...

Chapter 1. Introduction -- Chapter 2. Differentiated goods and industry -- Chapter 3. Horizontal product differentiation -- Chapter 4. Vertical product differentiation -- Chapter 5. Network effects and product differentiation -- Chapter 6. Nesting horizontal and vertical differentiation --...

The present investigation elaborates on the level of game theory application for the applied and theoretical analyses of climate change and development studies. This editorial shows that the common good character of global climate alongside the increasing internalization of environmental...

In this comprehensive review of ex-post merger studies price effects of horizontal transactions are evaluated. By combining and further analyzing the results of 52 retrospective studies on 82 mergers or merger-like transactions it can be shown that the industry alone is no strong indication for...

Es gibt kaum ein Thema in der Wirtschaftspolitik, das weltweit so viele Kommissionen, Ausschüsse und ad-hoc Gremien beschäftigt hat, wie die Frage nach der "richtigen" Wettbewerbspolitik in der digitalen Welt. Auch die Wirtschaftswissenschaften haben sich darauf eingestellt: Ein ganzer...

Usually, health policy makers face a trade-off between benefits and costs from healthcare markets regulation and deregulation. We argue that these markets and policy reforms should not be studied in isolation as the effects from regulation in one market spillover to other markets. In particular,...

We review approaches to identification and inference on models in Industrial Organization with partial identification and/or moment inequalities. Often, such approaches are intentionally built directly on assumptions of optimizing behavior that are credible in Industrial Organization settings,...

Asset price bubbles play an important role in resource allocation and affect the industry dynamics. We use the Chinese Stock market data and the micro data for manufacturing firms in China between 1998 and 2007 to develop an estimation on industry dynamics from four channels including...

We develop a dynamic general equilibrium model to quantify the interaction between climate policy, industry dynamics, and the elasticity of substitution between clean and dirty energy in the economy. The model incorporates empirical observations that firms differ substantially in their potential...

We present a new class of methods for identification and inference in dynamic models with serially correlated unobservables, which typically imply that state variables are econometrically endogenous. In the context of Industrial Organization, these state variables often reflect econometrically...

Firms facing complex objectives often decompose the problems they face, delegating different parts of the decision to distinct sub-units. Using comprehensive data and internal models from a large U.S. airline, we establish that airline pricing is not well approximated by a model of the firm as a...

The volume edited by De Jong and Sheherd is devoted to the history of economic thought which has, unfortunately, been more and more marginalised in economics teaching and research. "Pioneers of Industrial Organization" thus aims to fil a gap as regards the development of competition economics....

The Internet has done globally for information what the printed circuit board has done for electronics and electronic components: establish a universal standard of interchange and composition and thus provide a mechanism for scalability. Australia has recently capitalized on this global trend by...

In testimony before Congress in 1969, economist Kenneth Boulding argued that “The war industry is a cancer within the body of American society. It has its own mode of growth, it represents a system which is virtually independent and indeed objectively inimical to the welfare of the American...

This paper theoretically examines the relationship between the industrial organization of firms and structural change in a developing economy. For this, we built a multisectoral model with different balances in the competition and evaluated the changes in the productive structure. Specifically,...

The International Competition Network (ICN) celebrates its 20th birthday in 2020. It governs global competition by providing a cooperative forum for (mostly national) competition authorities from all around the world. In the absence of binding global competition rules and antitrust laws, it...

In the current digital era, the growth of digital commerce and the data-driven economy has created new opportunities for firms to predict consumer behavior, including their willingness to pay a certain price. This practice of algorithmic pricing has become a widespread business model, raising...

Key factors to increase the survival rate of entrepreneurs -- Unveiling the nexus: a comprehensive review of university-based digital entrepreneurship ecosystem to foster students' startup -- Innovative entrepreneur in a developing country: the case of SMEs in Indonesia -- Competency modeling: a...

Preface -- Part I: From practice to theory -- Chapter 1: Capitalism and cooperatives -- Chapter 2: Definitions -- Chapter 3: Approach -- Part II: Goods and services market -- Chapter 4: Enjoying advantages -- Chapter 5: Market power -- Chapter 6: Asymmetric information -- Part III: Capital...

Nowadays, merger control predominantly relies upon a strict analysis of the effects from merger and acquisitions on effective competition. However, there is scope for so-called public interest considerations in several European merger control regimes and recently a number of European politicians...

This paper provides an economic analysis of recent vertical and horizontal mergers in the U.S. industry for audiovisual media content, including the AT&T-Time Warner and the Disney-Fox mergers. Using a theory-driven approach, we examine economic effects of these types of mergers on market...

Data-driven AI pricing algorithms in on-line markets collect consumer information and use it in their pricing technologies. In the simplest symmetric Hotellingís model such technologies reduce prices and proÖts. We extend Hotellingís model with vertically di§erentiated products, cost...

This survey is organized around three main topics: models, econometrics, and empirical applications. Section 2 presents the theoretical framework, introduces the concept of Markov Perfect Nash Equilibrium, discusses existence and multiplicity, and describes the representation of this equilibrium...

The paper considers conceptual issues underlying empirical work on markets. It has three parts. The first reviews the analysis of demand and equilibrium in retail markets and then considers recent advances in the analysis of markets which require different assumptions; markets where adverse...

Theoretical and applied work in industrial-organization approaches to international trade typically assume either that there are fixed numbers of firms, or that there is free entry and exit with a continuum of firms. This paper makes a first step toward a more realistic approach in which firms...

International small and medium-sized enterprises (SMEs) encounter several problems, including how to manage the industry forces in order to achieve their performance goals. Focusing mainly on international SMEs, we explored this issue by examining competitive advantage as a mediator in the...