Part I presents classic articles which supplied the foundations upon which the field of industrial economics was built. Parts II and III present papers on the new economics of organization and a revitalized theory of strategic behaviour and competition. The editor submits that a science of organization is taking shape to which industrial economics has been both a principle contributor and beneficiary. It should interest teachers, instructors and students concerned with modern industrial economics and the theory of the firm.
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actions agent alternative analysis argument assets assume assumption average behavior buyer capital changes coal coalition competitive complex concentration consider consumers contract cost curve customers decision demand depends developed discussion economic effect efficient entrant entry equal equilibrium established example exist expected fact firm function give given governance higher important incentive increase incumbent individual industry integration interest investment involves JOURNAL less limit lower manager marginal mining monopolist monopoly nature Note observed obtained offer optimal organization output particular parties performance period plant positive possible potential principal probability problem production profit purchase reason refer relation relationship relative requirements result risk rules seller specific stage structure sufficient supervisor supply theory tion transactions uncertainty unit utility vertical