Empirical Studies of Product Markets

Alan Kirman and Louis Phlips
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Louis Phlips: European University Institute

Chapter 13 in Economics in a Changing World, 1996, pp 297-330 from Palgrave Macmillan

Abstract: Abstract In their introduction to the Journal of Industrial Economics’ special issue on ‘The Empirical Renaissance in Industrial Economics’, Bresnahan and Schmalensee (1987) recall that industrial economics started as a distinct field of economics with a series of book-length case studies of particular industries under the impulse of Edward Chamberlin and Edward Mason. The idea was that the profession would learn about imperfectly competitive markets by induction from an accumulation of detailed studies of particular product markets. Knowledge of the facts would lead to theoretical hypotheses. These hopes did not materialize.

Keywords: Product Market; American Economic Review; Price Discrimination; Repeated Game; Industrial Economic (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1007/978-1-349-25168-1_13

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