edited by Paul L. Joskow and Michael Waterson
This title presents recent articles on empirical issues in industrial organization, related primarily to the analysis of imperfect competition. The papers cover empirical analysis of non-cooperative and cooperative oligopoly, auctions, differentiated product markets, dynamic competition and entry, plus selected work on innovation, vertical contractual relationships and incentive issues. New research in these areas relies on detailed data for specific industries, typically integrates modern imperfect competition theory into the empirical specifications, commonly uses structural empirical models derived directly from microeconomic theory, and applies modrn econometric techniques. This work and the associated techniques play an increasingly important role in antitrust policy, market design and in newly deregulated markets.