Industrial Organization

Industrial organization is the field of economics that builds on the theory of the firm in examining the structure of, and boundaries between, firms and markets.

The subject has been described as concerned with markets that "cannot easily be analyzed using the standard textbook competitive model." Industrial organization adds to the perfectly competitive model real-world frictions such as transaction costs, limited information, and barriers to entry of new firms that may be associated with imperfect competition.


<a href="/book/education-matters">Education matters</a>
Alan B Krueger, Joshua David Angrist
Syndicate content
  • Recommend Us