Industrial Organization

Edited by the late Oliver E. Williamson, formerly Professor, Graduate School and Edgar F. Kaiser Professor Emeritus of Business, Economics, and Law, University of California, Berkeley, US and 2009 Winner of the Nobel Prize in Economics for Studies of Economic Governance

• CONTENTSINTRODUCTIONPART I: AntecedentsR. Coase (1937), ‘The Nature of the Firm’A. Alchian (1950), ‘Uncertainty, Evolution and Economic Theory’L. McKenzie (1951), ‘Ideal Output and the Interdependence of Firms’F. Modigliani (1958), ‘New Developments on the Oligopoly Front’G. Stigler (1964), ‘A Theory of Oligopoly’K. Arrow (1963), ‘Uncertainty and the Welfare Economics of Medical Care’H. Simon (1962), ‘The Architecture of Complexity’PART II: The New Economics of OrganizationM. Rothschild and J. Stiglitz (1976), ‘Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information’B. Holmstrom (1982), ‘Moral Hazard in Teams’J. Tirole (1986), ‘Hierarchies and Bureaucracies: On the Role of Collusion in Organizations’G. Akerlof (1983), ‘Loyalty Filters’O. Williamson (1979), ‘Transaction-cost Economics: The Governance of Contractural Relations’S. Grossman and O. Hart (1986), ‘The Costs and Benefits of Ownership: A Theory of Vertical and lateral Integration’P. Joskow (1985), ‘Vertical Integration and Long-term Contracts: The Case of Coal-burning Electric Generating Plants’B. Klein and K. Leffler (1981), ‘The Role of Market Forces in Assuring Contractural Performance’PART III: Strategic Behaviour and CompetitionH. Demsetz (1974), ‘Two Systems if Belief about Monopoly’A. Dixit (1980), ‘The Role of Investment in Entry-deterrence’P. Aghion and P. Bolton (1987), ‘Contracts as a Barrier to Entry’P. Milgrom and J. Roberts (1980), ‘Limit Pricing and Entry Under Incomplete Information: An Equilibrium Analysis’D. Kreps and R. Wilson (1982), ‘Reputation and Imperfect Information’D. Fudenberg and J. Tirole (1984), ‘The Fat-Cat Effect, The Puppy-Dog Ploy and the Lean and Hungry Look’W. Baumol, J. Panzar and R. Willig (1986), ‘On the Theory of Perfectly-contestable Markets’S. Salop (1979), ‘Monoplistic Competition with Outside Goods’