This paper argues that the study of policy incidence in industrial organization needs to take the endogeneity of government into account. The point is made by investigating whether political considerations are important in terms of understanding the causes and effects of deregulation using data provided by the OECD. In particular, we address two interrelated questions: (i) do political and inst...

This paper succinctly overviews three primary branches of the industrial organization literature with behavioral consumers. The literature is organized according to whether consumers: (1) have non-standard preferences, (2) are overconfident or otherwise biased such that they systematically misweight different dimensions of price and other product attributes, or (3) fail to choose the best price...

*This Report has not been formally edited. The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its fr...

This paper discusses the use of bounded rationality in industrial organization. There is a long tradition of such work: literatures from various decades have discussed irrationalities by firms and consumers. Three main approaches are found in the recent literature: rule-ofthumb papers specify simple rules for behavior; explicit bounds papers consider agents who maximize payoffs net of cognitive...

Irish beef processors and cattle farmers have been involved in a lasting controversy on power asymmetry. This paper estimates the degree of market processing industry. The New Empirical Industrial Organization approach is extended for estimation, testified by conjectural elasticity with supply demand functions, indicating that exert significant farms. Export-orientation high subsidies are two o...

i am going to assess shortcomings of transaction cost economics (tce) of oliver williamson. my argument is that this analysis suffers from misidentification of the relevant problem of the theory, analytical incoherence, inconsistent empirical support and methodological defects. in formulating coase's fundamental idea, williamson accepts an efficient equilibrium which occurs once forever, t...

Risk aversion is a fundamental concept in economics used to explain agents' behavior under uncertainty. Risk aversion in auctions has been justified through the many uncertainties faced by bidders and through the large value of bids relative to bidders' assets. In first-price auctions, risk aversion renders more aggress­ sive bidding, while bidding in ascending auc­ tions is not affected, leadi...

The global service outsourcing industry has developed rapidly; but how about the software service outsourcing industry in China? Employing the combination research methodologies of field survey, literature research and analysis of the collected data from the survey questionnaire using the SPSS statistic software and its relativity tests, this empirical study analyzed the market structure and pe...