There are different approaches to the subject. One approach is descriptive in providing an overview of industrial organization, such as measures of competition and the size-
concentration of firms in an industry. A second approach uses
microeconomic models to explain internal firm organization and market strategy, which includes internal research and development along with issues of internal reorganization and renewal.[4] A third aspect is oriented to
public policy related to
economic regulation,[5]antitrust law,[6] and, more generally, the economic governance of law in defining property rights, enforcing contracts, and providing organizational
infrastructure.[7][8]
The
Journal of Economic Literature (JEL) classification codes are one way of representing the range of economics subjects and subareas. There, Industrial Organization, one of 20 primary categories, has 9 secondary categories, each with multiple tertiary categories.[16] The secondary categories are listed below with corresponding available article-preview links of
The New Palgrave Dictionary of Economics Online and footnotes to their respective JEL-tertiary categories and associated New-Palgrave links.
A 2009 book Pioneers of Industrial Organization traces the development of the field from
Adam Smith to recent times and includes dozens of short biographies of major figures in Europe and North America who contributed to the growth and development of the discipline.[26]
Other reviews by publication year and earliest available cited works those in 1970/1937,[14] 1972/1933,[27] 1974,[28] 1987/1937-1956 (3 cites), 1968–9 (7 cites),[29] 2009/c. 1900,[30] and 2010/1951.[31]
^•
R. H. Coase, 1937. "
The Nature of the Firm", Economica, N.S., 4(16), pp.
386–405. • _____, 1988. "The Nature of the Firm: Influence", Journal of Law, Economics, & Organization, 4(1), pp.
33–47. Reprinted in The Nature of the Firm: Origins, Evolution, and Development, 1993, O. E. Williamson and S, G. Winter, ed., pp.
61–74. • _____, 1991. "
The Institutional Structure of Production", Nobel Lecture, reprinted in 1992, American Economic Review, 82(4), pp.
713–719. •
Oliver E. Williamson, 1981. "The Economics of Organization: The Transaction Cost Approach", American Journal of Sociology, 87(3), pp.
548–577. • _____, 2009. "
Transaction Cost Economics: The Natural Progression", Nobel Lecture. Reprinted in 2010, American Economic Review, 100(3), pp. 673–90.
^George J. Stigler, [1987] 2008. "competition", The New Palgrave Dictionary of Economics, 2nd Edition.
Abstract.
^• Frederic M. Scherer and David Ross, 1990. Industrial Market Structure and Economic Performance, 3rd ed.
Description and 1st ed. review
extract. • Dennis W. Carlton and Jeffery M. Perloff, 2004. "Modern Industrial Organization, Overview", ch. 5, Handbook of Industrial Organization, Elsevier, v. 1, pp. 259–327. Fudenberg, Drew; Tirole, Jean (1989). "Chapter 5 Noncooperative game theory for industrial organization: An introduction and overview". Handbook of Industrial Organization Volume 1. Vol. 1. pp. 259–327.
doi:
10.1016/S1573-448X(89)01008-3.
ISBN9780444704344.
S2CID154265880. •
Carl Shapiro, 1989. "The Theory of Business Strategy", RAND Journal of Economics, 20(1), pp.
125–137. • Kyle Bagwell and Asher Wolinsky (2002). "Game theory and Industrial Organization", ch. 49, Handbook of Game Theory with Economic Applications, v. 3, pp. 1851–1895 Bagwell, Kyle; Wolinsky, Asher (2002). "Chapter 49 Game theory and industrial organization". Handbook of Game Theory with Economic Applications Volume 3. Vol. 3. pp. 1851–1895.
doi:
10.1016/S1574-0005(02)03012-6.
ISBN9780444894281. •
Martin Shubik, 1987. A Game-Theoretic Approach to Political Economy, Part II.
MIT Press.
Description.
Archived May 3, 2011, at the
Wayback Machine
^Richard Schmalensee and Robert Willig, eds., 1989. Handbook of Industrial Organization, Elsevier, v. 2, Part 5, Government Intervention in the Marketplace, ch. 22–26, abstract
links.
^•
Avinash K. Dixit, 2008. "economic governance", The New Palgrave Dictionary of Economics, 2nd Edition.
Abstract. •
Oliver E. Williamson, 1996. The Mechanisms of Governance, "Prologue", pp.
3–20.
^•
George J. Stigler, 1983. The Organization of Industry, University of Chicago Press. Description and contents
links and
preview. •
Richard Schmalensee, 1988. "Industrial Economics: An Overview", Economic Journal, 98(392), pp.
643–681. Working paper
link. • Handbook of Industrial Organization, Elsevier:
^Exemplified in such advanced textbooks as
Jean Tirole, 1988, The Theory of Industrial Organization, MIT Press,
description and chapter-preview
links.
^• Edward Hastings Chamberlin, 1933. The Theory of
Monopolistic Competition: A Re-orientation of the Theory of Value, 1965, 8th ed. Harvard University Press. • R. Rothschild, 1987. "The Theory of Monopolistic Competition: E.H. Chamberlin's Influence on Industrial Organisation Theory over Sixty Years", Journal of Economic Studies, 14(1), pp. 34–54.
Abstract. • William L. Baldwin, 2007. "Edward Hastings Chamberlin", in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed., pp.
199–.
^Edward S. Mason, 1939. "Price and Production Policies of Large-Scale Enterprise", American Economic Review, 29(1, Supplement), pp.
61–74. • _____, 1949. "The Current Status of the Monopoly Problem in the United States", Harvard Law Review, 62(8), pp.
1265–1285. • _____, 1957. Economic Concentration and the Monopoly Problem, Harvard University Press. Review
extract. • William G. Shepherd, 2007. "Edward S. Mason", in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed.
^J.M. Clark, 1940.
Toward a Concept of Workable Competition. American Economic Review, Vol. 30, No. 2, Part 1, Jun., pp. 241–256
• William L. Baldwin, 2007. "John Maurice Clark" in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed., pp.
183–186.
^• Joe S. Bain, 1956. Barriers to New Competition: Their Character and Consequences in Manufacturing, Harvard University Press. Review extracts
[1][2]. • _____, 1959, 2nd ed., 1968. Industrial Organization: A Treatise, John Wiley. •
Richard E. Caves, 2007. "Joe S. Bain", in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed., pp.
224–231.
^
abE. T. Grether, 1970. "Industrial Organization: Past History and Future Problems", American Economic Review, 60(2), pp.
83–89.
^JEL: L61 – Metals and Metal Products; Cement; Glass; Ceramics
JEL: L62 – Automobiles; Other Transportation Equipment
JEL: L63 – Microelectronics; Computers; Communications Equipment
JEL: L64 – Other Machinery; Business Equipment; Armaments
JEL: L65 – Chemicals; Rubber; Drugs; Biotechnology JEL: L66 – Food; Beverages; Cosmetics; Tobacco; Wine and Spirits
JEL: L67 – Other Consumer Nondurables: Clothing, Textiles, Shoes, and Leather
JEL: L68 – Appliances; Other Consumer Durables
^JEL: L71 – Mining, Extraction, and Refining: Hydrocarbon Fuels
JEL: L72 – Mining, Extraction, and Refining: Other
Nonrenewable Resources JEL: L73 – Forest Products
JEL: L74 – Construction
JEL: L78 – Government Policy
^JEL: L80 – General JEL: L81 – Retail and Wholesale Trade; e-Commerce JEL: L82 – Entertainment; Media (Performing Arts, Visual Arts, Broadcasting, Publishing, etc.) JEL: L83 – Sports; Gambling; Recreation; Tourism JEL: L84 – Personal, Professional, and Business Services JEL: L85 – Real Estate Services JEL: L86 – Information and Internet Services; Computer Software JEL: L87 – Postal and Delivery Services
JEL: L88 – Government Policy
^JEL: L91 – Transportation: General JEL: L92 – Railroads and Other Surface Transportation JEL: L93 –
Air transportation JEL: L94 –
Electric utilities JEL: L95 – Gas Utilities; Pipelines; Water Utilities |JEL: L96 –
Telecommunications JEL: L97 – Utilities: General JEL: L98 – Government Policy
^Henry W. de Jong and William G. Shepherd, ed., 2007. Pioneers of Industrial Organization. Cheltenham, UK: Elgar. Description and content
links and
preview.
Archived August 7, 2011, at the
Wayback Machine
^James W. McKie, 1972. "Industrial Organization: Boxing the Compass", ch. 1 in
V. R. Fuchs, ed., Policy Issues and Research Opportunities in Industrial Organization, NBER, pp.
1-15.
^Almarin Phillips and Rodney E. Stevenson, 1974. "The Historical Development of Industrial Organization", History of Political Economy, 6(3), pp. 324–342. In Papers from the First Conference of the History of Economics Society.
Citation.
^Timothy F. Bresnahan and Richard Schmalensee, 1987. "The Empirical Renaissance in Industrial Economics: An Overview", Journal of Industrial Economics, 35(4), pp.
371–378.
^Lefteris Tsoulfidis, 2009. "Between Competition and Monopoly", Competing Schools of Economic Thought, ch. 9, pp.
213–42.
Springer
^Liran Einav and
Jonathan Levin, 2010. "Empirical Industrial Organization: A Progress Report", Journal of Economic Perspectives, 24(2), pp.
145–162.
References
Tirole, Jean (1988). The Theory of Industrial Organization, MIT press.
Belleflamme, Paul & Martin Peitz, 2010. Industrial Organization: Markets and Strategies. Cambridge University Press.
Summary and
Resources
Cabral, Luís M. B., 2000. Introduction to Industrial Organization. MIT Press. Links to
Description and chapter-preview
links.
Shepherd, William, 1985. The Economics of Industrial Organization, Prentice-Hall.
ISBN0-13-231481-9
Shy, Oz, 1995. Industrial Organization: Theory and Applications.
Description and chapter-preview
links. MIT Press.
Vives, Xavier, 2001. Oligopoly Pricing: Old Ideas and New Tools. MIT Press.
Description and scroll to chapter-preview
links.
Jeffrey Church & Roger Ware, 2005. "Industrial Organization: A Strategic Approach", (aka
IOSAArchived 2016-12-08 at the
Wayback Machine)”, Free Textbook
Nicolas Boccard, 2010. "Industrial Organization, a Contract Based approach (aka
IOCBArchived 2015-08-01 at the
Wayback Machine)”, Open Source Textbook
There are different approaches to the subject. One approach is descriptive in providing an overview of industrial organization, such as measures of competition and the size-
concentration of firms in an industry. A second approach uses
microeconomic models to explain internal firm organization and market strategy, which includes internal research and development along with issues of internal reorganization and renewal.[4] A third aspect is oriented to
public policy related to
economic regulation,[5]antitrust law,[6] and, more generally, the economic governance of law in defining property rights, enforcing contracts, and providing organizational
infrastructure.[7][8]
The
Journal of Economic Literature (JEL) classification codes are one way of representing the range of economics subjects and subareas. There, Industrial Organization, one of 20 primary categories, has 9 secondary categories, each with multiple tertiary categories.[16] The secondary categories are listed below with corresponding available article-preview links of
The New Palgrave Dictionary of Economics Online and footnotes to their respective JEL-tertiary categories and associated New-Palgrave links.
A 2009 book Pioneers of Industrial Organization traces the development of the field from
Adam Smith to recent times and includes dozens of short biographies of major figures in Europe and North America who contributed to the growth and development of the discipline.[26]
Other reviews by publication year and earliest available cited works those in 1970/1937,[14] 1972/1933,[27] 1974,[28] 1987/1937-1956 (3 cites), 1968–9 (7 cites),[29] 2009/c. 1900,[30] and 2010/1951.[31]
^•
R. H. Coase, 1937. "
The Nature of the Firm", Economica, N.S., 4(16), pp.
386–405. • _____, 1988. "The Nature of the Firm: Influence", Journal of Law, Economics, & Organization, 4(1), pp.
33–47. Reprinted in The Nature of the Firm: Origins, Evolution, and Development, 1993, O. E. Williamson and S, G. Winter, ed., pp.
61–74. • _____, 1991. "
The Institutional Structure of Production", Nobel Lecture, reprinted in 1992, American Economic Review, 82(4), pp.
713–719. •
Oliver E. Williamson, 1981. "The Economics of Organization: The Transaction Cost Approach", American Journal of Sociology, 87(3), pp.
548–577. • _____, 2009. "
Transaction Cost Economics: The Natural Progression", Nobel Lecture. Reprinted in 2010, American Economic Review, 100(3), pp. 673–90.
^George J. Stigler, [1987] 2008. "competition", The New Palgrave Dictionary of Economics, 2nd Edition.
Abstract.
^• Frederic M. Scherer and David Ross, 1990. Industrial Market Structure and Economic Performance, 3rd ed.
Description and 1st ed. review
extract. • Dennis W. Carlton and Jeffery M. Perloff, 2004. "Modern Industrial Organization, Overview", ch. 5, Handbook of Industrial Organization, Elsevier, v. 1, pp. 259–327. Fudenberg, Drew; Tirole, Jean (1989). "Chapter 5 Noncooperative game theory for industrial organization: An introduction and overview". Handbook of Industrial Organization Volume 1. Vol. 1. pp. 259–327.
doi:
10.1016/S1573-448X(89)01008-3.
ISBN9780444704344.
S2CID154265880. •
Carl Shapiro, 1989. "The Theory of Business Strategy", RAND Journal of Economics, 20(1), pp.
125–137. • Kyle Bagwell and Asher Wolinsky (2002). "Game theory and Industrial Organization", ch. 49, Handbook of Game Theory with Economic Applications, v. 3, pp. 1851–1895 Bagwell, Kyle; Wolinsky, Asher (2002). "Chapter 49 Game theory and industrial organization". Handbook of Game Theory with Economic Applications Volume 3. Vol. 3. pp. 1851–1895.
doi:
10.1016/S1574-0005(02)03012-6.
ISBN9780444894281. •
Martin Shubik, 1987. A Game-Theoretic Approach to Political Economy, Part II.
MIT Press.
Description.
Archived May 3, 2011, at the
Wayback Machine
^Richard Schmalensee and Robert Willig, eds., 1989. Handbook of Industrial Organization, Elsevier, v. 2, Part 5, Government Intervention in the Marketplace, ch. 22–26, abstract
links.
^•
Avinash K. Dixit, 2008. "economic governance", The New Palgrave Dictionary of Economics, 2nd Edition.
Abstract. •
Oliver E. Williamson, 1996. The Mechanisms of Governance, "Prologue", pp.
3–20.
^•
George J. Stigler, 1983. The Organization of Industry, University of Chicago Press. Description and contents
links and
preview. •
Richard Schmalensee, 1988. "Industrial Economics: An Overview", Economic Journal, 98(392), pp.
643–681. Working paper
link. • Handbook of Industrial Organization, Elsevier:
^Exemplified in such advanced textbooks as
Jean Tirole, 1988, The Theory of Industrial Organization, MIT Press,
description and chapter-preview
links.
^• Edward Hastings Chamberlin, 1933. The Theory of
Monopolistic Competition: A Re-orientation of the Theory of Value, 1965, 8th ed. Harvard University Press. • R. Rothschild, 1987. "The Theory of Monopolistic Competition: E.H. Chamberlin's Influence on Industrial Organisation Theory over Sixty Years", Journal of Economic Studies, 14(1), pp. 34–54.
Abstract. • William L. Baldwin, 2007. "Edward Hastings Chamberlin", in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed., pp.
199–.
^Edward S. Mason, 1939. "Price and Production Policies of Large-Scale Enterprise", American Economic Review, 29(1, Supplement), pp.
61–74. • _____, 1949. "The Current Status of the Monopoly Problem in the United States", Harvard Law Review, 62(8), pp.
1265–1285. • _____, 1957. Economic Concentration and the Monopoly Problem, Harvard University Press. Review
extract. • William G. Shepherd, 2007. "Edward S. Mason", in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed.
^J.M. Clark, 1940.
Toward a Concept of Workable Competition. American Economic Review, Vol. 30, No. 2, Part 1, Jun., pp. 241–256
• William L. Baldwin, 2007. "John Maurice Clark" in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed., pp.
183–186.
^• Joe S. Bain, 1956. Barriers to New Competition: Their Character and Consequences in Manufacturing, Harvard University Press. Review extracts
[1][2]. • _____, 1959, 2nd ed., 1968. Industrial Organization: A Treatise, John Wiley. •
Richard E. Caves, 2007. "Joe S. Bain", in Pioneers of Industrial Organization, H. W. de Jong, W. G. Shepherd, ed., pp.
224–231.
^
abE. T. Grether, 1970. "Industrial Organization: Past History and Future Problems", American Economic Review, 60(2), pp.
83–89.
^JEL: L61 – Metals and Metal Products; Cement; Glass; Ceramics
JEL: L62 – Automobiles; Other Transportation Equipment
JEL: L63 – Microelectronics; Computers; Communications Equipment
JEL: L64 – Other Machinery; Business Equipment; Armaments
JEL: L65 – Chemicals; Rubber; Drugs; Biotechnology JEL: L66 – Food; Beverages; Cosmetics; Tobacco; Wine and Spirits
JEL: L67 – Other Consumer Nondurables: Clothing, Textiles, Shoes, and Leather
JEL: L68 – Appliances; Other Consumer Durables
^JEL: L71 – Mining, Extraction, and Refining: Hydrocarbon Fuels
JEL: L72 – Mining, Extraction, and Refining: Other
Nonrenewable Resources JEL: L73 – Forest Products
JEL: L74 – Construction
JEL: L78 – Government Policy
^JEL: L80 – General JEL: L81 – Retail and Wholesale Trade; e-Commerce JEL: L82 – Entertainment; Media (Performing Arts, Visual Arts, Broadcasting, Publishing, etc.) JEL: L83 – Sports; Gambling; Recreation; Tourism JEL: L84 – Personal, Professional, and Business Services JEL: L85 – Real Estate Services JEL: L86 – Information and Internet Services; Computer Software JEL: L87 – Postal and Delivery Services
JEL: L88 – Government Policy
^JEL: L91 – Transportation: General JEL: L92 – Railroads and Other Surface Transportation JEL: L93 –
Air transportation JEL: L94 –
Electric utilities JEL: L95 – Gas Utilities; Pipelines; Water Utilities |JEL: L96 –
Telecommunications JEL: L97 – Utilities: General JEL: L98 – Government Policy
^Henry W. de Jong and William G. Shepherd, ed., 2007. Pioneers of Industrial Organization. Cheltenham, UK: Elgar. Description and content
links and
preview.
Archived August 7, 2011, at the
Wayback Machine
^James W. McKie, 1972. "Industrial Organization: Boxing the Compass", ch. 1 in
V. R. Fuchs, ed., Policy Issues and Research Opportunities in Industrial Organization, NBER, pp.
1-15.
^Almarin Phillips and Rodney E. Stevenson, 1974. "The Historical Development of Industrial Organization", History of Political Economy, 6(3), pp. 324–342. In Papers from the First Conference of the History of Economics Society.
Citation.
^Timothy F. Bresnahan and Richard Schmalensee, 1987. "The Empirical Renaissance in Industrial Economics: An Overview", Journal of Industrial Economics, 35(4), pp.
371–378.
^Lefteris Tsoulfidis, 2009. "Between Competition and Monopoly", Competing Schools of Economic Thought, ch. 9, pp.
213–42.
Springer
^Liran Einav and
Jonathan Levin, 2010. "Empirical Industrial Organization: A Progress Report", Journal of Economic Perspectives, 24(2), pp.
145–162.
References
Tirole, Jean (1988). The Theory of Industrial Organization, MIT press.
Belleflamme, Paul & Martin Peitz, 2010. Industrial Organization: Markets and Strategies. Cambridge University Press.
Summary and
Resources
Cabral, Luís M. B., 2000. Introduction to Industrial Organization. MIT Press. Links to
Description and chapter-preview
links.
Shepherd, William, 1985. The Economics of Industrial Organization, Prentice-Hall.
ISBN0-13-231481-9
Shy, Oz, 1995. Industrial Organization: Theory and Applications.
Description and chapter-preview
links. MIT Press.
Vives, Xavier, 2001. Oligopoly Pricing: Old Ideas and New Tools. MIT Press.
Description and scroll to chapter-preview
links.
Jeffrey Church & Roger Ware, 2005. "Industrial Organization: A Strategic Approach", (aka
IOSAArchived 2016-12-08 at the
Wayback Machine)”, Free Textbook
Nicolas Boccard, 2010. "Industrial Organization, a Contract Based approach (aka
IOCBArchived 2015-08-01 at the
Wayback Machine)”, Open Source Textbook