05703oam 2200745I 450 991044992810332120200520144314.01-134-89863-01-280-16507-30-203-98035-210.4324/9780203980354 (CKB)1000000000003987(EBL)241933(OCoLC)437156247(SSID)ssj0000178632(PQKBManifestationID)11182178(PQKBTitleCode)TC0000178632(PQKBWorkID)10230365(PQKB)10239114(MiAaPQ)EBC241933(Au-PeEL)EBL241933(CaPaEBR)ebr2003848(CaONFJC)MIL16507(OCoLC)826516267(EXLCZ)99100000000000398720180331d1992 uy 0engurcn|||||||||txtccrIndustrial organisation competition, growth, and structural change /Kenneth D. George, Caroline Joll, and E.L. Lynk4th ed.London ;New York :Routledge,1992.1 online resource (483 p.)Description based upon print version of record.0-415-07850-4 Includes bibliographical references (p. [430]-443) and index.Book Cover; Half-Title; Title; Copyright; Contents; Tables and figures; Preface; Introduction; Chapter 1 Structural change; 1.1 INTRODUCTION; 1.2 LONG-TERM CHANGES IN SECTOR SHARES; 1.3 SERVICE SECTOR PRODUCTIVITY; 1.4 MANUFACTURING INDUSTRY; Importance of the decline in manufacturing; Reasons for the decline in manufacturing; Changes in output and productivity-cumulative causation; The role of investment; The exchange rate; Labour costs and productivity; 1.5 SOME POLICY ISSUES; Acknowledgement; Chapter 2 Business goals and behaviour; 2.1 INTRODUCTION; 2.2 PROBLEMS WITH PROFIT MAXIMISATIONUncertainty Organisational complexity; Employment relations; Organisational form; 2.3 MANAGERIAL OBJECTIVES; The Behavioural School approach; Alternatives to profit maximisation; The divorce between ownership and control; Managerial motivation; 2.4 MANAGERIAL THEORIES OF THE FIRM; Discretionary expenditures; Sales maximisation; Growth maximisation; An assessment of non-profit-maximising theories of the firm; 2.5 CONSTRAINTS ON MANAGERIAL DECISION-MAKING; Shareholder control; Product markets; Internal growth as a control mechanism; Capital markets; Chapter 3 The growth of firms3.1 INTRODUCTION The ability to grow and the desire for growth; Determinants-a brief review; 3.2 VERTICAL INTEGRATION; Vertical integration as a process; Cost minimisation; Security and control of the market environment; Bilateral monopoly; Monopoly power; Forces limiting the incentive to integrate; Bargaining power of large buyers; Customer attachments and goodwill; 3.3 DIVERSIFICATION; Motives for diversification; Uncertainty; Growth; Market power; The direction of diversification; The extent of diversification; 3.4 ACQUISITIONS AND MERGERS; Motives of the acquired firmMotives of the acquiring firm Economies of scale; Complementarities; Speed and safety factors; Monopoly and market power; A market for corporate control; Financial and promotional factors; 3.5 LIMITS TO GROWTH; Chapter 4 Business performance; 4.1 INTRODUCTION; 4.2 SIZE, GROWTH AND PROFITABILITY; Size and profitability; Growth and profitability; Size and growth; 4.3 THE EFFECTS OF MERGERS; Stock market discipline; Mergers, profitability and efficiency; Mergers, investment and growth; 4.4 AGGREGATE CONCENTRATION; Predictions; Evidence; 4.5 THE LARGE DIVERSIFIED FIRM AND RESOURCE ALLOCATIONQuantitative importance of diversification Consequences for resource allocation; Chapter 5 Market structure; 5.1 INTRODUCTION; 5.2 SELLER CONCENTRATION; The measurement of concentration; The concentration ratio; The Herfindahl index; The entropy coefficient; The variance of logs; Assessment of different concentration measures; Empirical evidence on seller concentration; Determinants of concentration; Economies of scale; Sources of economies of scale; Measuring economies of scale; Changes in concentration; 5.3 OTHER DIMENSIONS OF MARKET STRUCTURE; Barriers to entry; Vertical integrationDiversificationAs most economies remain caught in a global recession, that shows little sign of abatement, the importance of maintaining a flourishing industrial sector for the economic wellbeing of a country has rarely been so relevant.Industrial Organisation has long served as a basic introduction to this subject. The book is concerned with economic problems and policy issues that arise from the activities of firms. The authors reject the traditional micro-economic analysis of market structure in favour of studying conduct and performance in the context of macro-economic policy and the environIndustrial organization (Economic theory)IndustriesGreat BritainIndustriesEuropean Economic Community countriesIndustriesUnited StatesElectronic books.Industrial organization (Economic theory)IndustriesIndustriesIndustries338.7/0941George Kenneth Desmond.116177Joll Caroline116178Lynk E. L123883MiAaPQMiAaPQMiAaPQBOOK9910449928103321Industrial organisation2064219UNINA