Industry Structure and Pricing The New Rivalry in Infrastructure
Industry Structure and Pricing: The New Rivalry in Infrastructure by Mark A. Jamison, published by Springer US on December 8, 2010, is a softcover reprint of the hardcover first edition from 2000. This book presents an exploration of economic models, specifically focusing on the contestable model and its implications for market rivalry. Jamison extends current economic theories by examining how actual and potential rivalry in various markets influences regulatory policies, offering insights into the dynamics of industrial management and economic development.
Readers will find a detailed analysis of multilateral rivalry, or MLR, and its impact on the appropriateness of regulatory approaches. The book critiques the existing contestability literature, arguing that it may be overly favorable to firms seeking to maintain monopoly positions. By integrating static production functions and demands, Jamison provides a nuanced perspective on the complexities of competition within industries. This edition spans 207 pages and is presented in English, making it accessible for those interested in business economics and microeconomics.
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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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