Industry Structure and Pricing The New Rivalry in Infrastructure
Industry Structure and Pricing: The New Rivalry in Infrastructure by Mark Jamison, published by Springer US in November 1999, offers a detailed examination of economic models related to market rivalry. This 2000 edition, comprising 207 pages, presents a nuanced perspective on how actual and potential rivalry influences regulatory policies in various industries. The author emphasizes the contestable model and introduces the concept of multilateral rivalry, challenging traditional views on monopoly protections.
Readers will find that this book delves into the implications of multilateral rivalry on economic theory, particularly in the context of industrial management and economic development. By refining existing models, Jamison provides insights into the limitations of regulatory policies that may favor monopolistic firms. The work integrates static production functions with dynamic analyses, making it relevant for those interested in microeconomics and the broader landscape of business and economics.
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Industry Structure and Pricing: The New Rivalry in Infrastructure extends current economic models by incorporating effects of actual and potential rivalry in markets outside the markets of immediate interest. Focusing on the contestable model, the author shows how diverse patterns of actual and potential rivalry, called multilateral rivalry or MLR, affect the appropriateness of many regulatory policies. It is specifically shown that many conclusions of the contestability literature are overly generous to firms that might want to protect or extend their monopoly positions. While this book’s refinement to existing economic theory gives strong results, it is still based on static production functions and demands – integrated to provide a dynamic view of multilateral rivalry.
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