Lecture Notes 9-Industry Structure and Performance

School
University of California, Santa Barbara **We aren't endorsed by this school
Course
ECONOMICS 116A
Subject
Economics
Date
Jun 8, 2023
Pages
14
Uploaded by patzrule on coursehero.com
Lecture Notes 9 Econ 116A UCSB March 13, 2023
Overview Industrial Organization Market Structure Conduct Performance Structure-Conduct-Performance (SCP) Approach Chicago School Approach Econ 116A UCSB Paper
Industrial Organization and Public Policy A branch of economic analysis tracing the relationship between the structure of a market and the performance of the firms in that market. 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. Governments often attempt to limit the negative effects of market power, particularly through antitrust policies and direct regulation. Econ 116A UCSB Paper
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