Industrial economics is a distinctive branch of economics which deals with the economic problems of firms and industries, and their relationship with society. In economic literature it is known by several names with marginal differences such as ‘Economics of Industries’, ‘Industry and Trade’, ‘Industrial Organization and Policy’, ‘Commerce’ and ‘Business Economics’ etc. The name ‘Industrial Eco...

This paper argues that Industrial Organization theory is essential but not sufficient to understand the individual and collective performance of modern media organizations. Institutional economics is an important source of theory, too. Whereas Industrial organization emphasizes market structural conditions that stimulate strategic variety and product differentiation, institutional economics emp...

The purpose of this paper is to explore some of the value creation processes associated with expert systems. The paper employs a number of different applications of economics to explore the issues. Cost-benefit analysis, based in microeconomics and the economics of defense and government, is used to provide a basic measure of value. Contributions of value for expert systems are explored: econom...

Game theory is rampant in economics. Having long ago invaded industrial organization (the sub-field of economics that studies firms and their product markets), game-theoretic modeling is now commonplace in international, labor, macro, and financial economics, and is gathering steam even in development economics and economic history. Nor is economics alone: accounting, law, marketing, political ...

Industrial ecology will need to develop fundamentally new approaches to reducing, reusing, and recycling wastes. Industrial ecology will also require an analytic framework for examining the implications for the economic system as a whole of each potential web of industrial changes. A suitable framework is furnished by structural economics, which situates the economy within the physical world. T...