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Industrial Organization

A Category Archive (7 entries)

Who will save China's rust belt?

Industrial Organization
Scott Sumner
Now that Trump has decided to save America's rust belt, I thought it would be interesting to look at the issues facing China's rust belt. Here is the Financial Times: North-eastern China is facing a demographic crisis as educated millennials... MORE

Let Them In

Regulation
David Henderson
Yesterday, over at our sister site, "Library of Law and Liberty," Northwestern University law professor John O. McGinnis had an interesting post. It's titled "The Obama Administration is Helping Raise Your Airfares." In it, Professor McGinnis makes the case that... MORE

Multinationals Are Well-Managed in All Countries

Cross-country Comparisons
Bryan Caplan
One picture is worth a thousand words, courtesy of Bloom and Van Reenen's "Why Do Management Practices Differ Across Firms and Countries?" (Journal of Economic Perspectives, 2010)My earlier comments on this still-underrated piece here.... MORE

The Monopoly Motive

Industrial Organization
Bryan Caplan
Today's the first day of GMU's fall semester, and for some reason I'm thinking about a class I haven't taught in years: Industrial Organization.  I wrote the notes when I was much younger and more enamored of theory.  Much of... MORE

Lemieux Defends Google

Industrial Organization
David Henderson
Antitrust arguments are especially unpersuasive in fluid and innovative high-tech markets. Google did not even exist 20 years ago. In the late 1990s, the dominant search engine was Alta Vista. Veronica, another major Internet search engine, had just recently gone... MORE

Perfect Pedagogy

Industrial Organization
Bryan Caplan
When you were taught about perfect competition, what was the underlying interpretation of the model?1. The model is a good approximation: Markets in the real world work about as well - and in roughly the same way - as the... MORE

The Competitive Sieve and the Burden of Proof

Industrial Organization
Bryan Caplan
Normal 0 false false false MicrosoftInternetExplorer4 A great quote, from someone you wouldn't expect.  Your guesses in the comments.Competition is like water held in a sieve.  To argue that competition does not exist because it is absent somewhere is... MORE

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