LEADER 05703oam 2200745I 450 001 9910449928103321 005 20200520144314.0 010 $a1-134-89863-0 010 $a1-280-16507-3 010 $a0-203-98035-2 024 7 $a10.4324/9780203980354 035 $a(CKB)1000000000003987 035 $a(EBL)241933 035 $a(OCoLC)437156247 035 $a(SSID)ssj0000178632 035 $a(PQKBManifestationID)11182178 035 $a(PQKBTitleCode)TC0000178632 035 $a(PQKBWorkID)10230365 035 $a(PQKB)10239114 035 $a(MiAaPQ)EBC241933 035 $a(Au-PeEL)EBL241933 035 $a(CaPaEBR)ebr2003848 035 $a(CaONFJC)MIL16507 035 $a(OCoLC)826516267 035 $a(EXLCZ)991000000000003987 100 $a20180331d1992 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIndustrial organisation $ecompetition, growth, and structural change /$fKenneth D. George, Caroline Joll, and E.L. Lynk 205 $a4th ed. 210 1$aLondon ;$aNew York :$cRoutledge,$d1992. 215 $a1 online resource (483 p.) 300 $aDescription based upon print version of record. 311 $a0-415-07850-4 320 $aIncludes bibliographical references (p. [430]-443) and index. 327 $aBook 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 MAXIMISATION 327 $aUncertainty 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 firms 327 $a3.1 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 firm 327 $aMotives 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 ALLOCATION 327 $aQuantitative 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 integration 327 $aDiversification 330 $aAs 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 environ 606 $aIndustrial organization (Economic theory) 606 $aIndustries$zGreat Britain 606 $aIndustries$zEuropean Economic Community countries 606 $aIndustries$zUnited States 608 $aElectronic books. 615 0$aIndustrial organization (Economic theory) 615 0$aIndustries 615 0$aIndustries 615 0$aIndustries 676 $a338.7/0941 700 $aGeorge$b Kenneth Desmond.$0116177 701 $aJoll$b Caroline$0116178 701 $aLynk$b E. L$0123883 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910449928103321 996 $aIndustrial organisation$92064219 997 $aUNINA