Edited by Michael Waterson, Professor of Economics, University of Warwick, UK

'Keith Cowling, as a teacher and researcher has, for more than a generation, inspired industrial economists to examine and question the workings of the market economy. This remarkable volume reflects the breadth and significance of Professor Cowling's influence. The papers, by a distinguished cast of colleagues and former students, provide an excellent overview of the current state of play in related areas including: market structure, corporate power and governance, technical change, and social welfare. Anyone interested in these issues will find both stimulation and inspiration from these papers. I certainly enjoyed reading them. Despite potential complexities the style is always lively and accessible. All in all, this is a fitting tribute to a key figure in the economics of industrial organisation.'

• Contents: Introduction Part I: Internationalisation, Trans-nationalism and Technical Change 1. Coordination and Hierarchy in the Japanese Firm: The Strategic Decision-making Approach vs. Aoki 2. Multinationals and Labour: Evidence from the International Acquisition of UK Firms 3. Financial Constraints on Innovation: A European Cross-Country Study 4. Internationalism and Economic Development: Transnational Corporations, Small Firm Networking and Universities Part II: Monopoly, Oligopoly and Social Welfare 5. ‘Price–Cost Margins and Market Structure’ Revisited 6. Labour Supply, Efficient Bargains and Countervailing Power 7. Market Share Instability and the Competitive Process 8. Oligopoly and Rent-seeking: Cowling and Mueller Revisited Part III: Corporate Governance, Mergers and the Evolution of Industrial Structure 9. The Finance Literature on Mergers: A Critical Survey 10. Incentives to Corporate Governance Activism 11. Perspectives on the Governance of Executive Compensation 12. Advertising and the Evolution of Market Structure in the US Car Industry 13. Keith Cowling and Warwick: The Contribution to the University 14. Keith Cowling’s Academic Publications Index

Edited by Michael Waterson, Professor of Economics, University of Warwick, UK

'Keith Cowling, as a teacher and researcher has, for more than a generation, inspired industrial economists to examine and question the workings of the market economy. This remarkable volume reflects the breadth and significance of Professor Cowling's influence. The papers, by a distinguished cast of colleagues and former students, provide an excellent overview of the current state of play in related areas including: market structure, corporate power and governance, technical change, and social welfare. Anyone interested in these issues will find both stimulation and inspiration from these papers. I certainly enjoyed reading them. Despite potential complexities the style is always lively and accessible. All in all, this is a fitting tribute to a key figure in the economics of industrial organisation.'

• Contents: Introduction Part I: Internationalisation, Trans-nationalism and Technical Change 1. Coordination and Hierarchy in the Japanese Firm: The Strategic Decision-making Approach vs. Aoki 2. Multinationals and Labour: Evidence from the International Acquisition of UK Firms 3. Financial Constraints on Innovation: A European Cross-Country Study 4. Internationalism and Economic Development: Transnational Corporations, Small Firm Networking and Universities Part II: Monopoly, Oligopoly and Social Welfare 5. ‘Price–Cost Margins and Market Structure’ Revisited 6. Labour Supply, Efficient Bargains and Countervailing Power 7. Market Share Instability and the Competitive Process 8. Oligopoly and Rent-seeking: Cowling and Mueller Revisited Part III: Corporate Governance, Mergers and the Evolution of Industrial Structure 9. The Finance Literature on Mergers: A Critical Survey 10. Incentives to Corporate Governance Activism 11. Perspectives on the Governance of Executive Compensation 12. Advertising and the Evolution of Market Structure in the US Car Industry 13. Keith Cowling and Warwick: The Contribution to the University 14. Keith Cowling’s Academic Publications Index