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Empirical Studies of Product Markets

In: Economics in a Changing World

Author

Listed:
  • Alan Kirman

    (Greqam, Ehess and University of Aix-Marseille)

  • Louis Phlips

    (European University Institute)

Abstract

In their introduction to the Journal of Industrial Economics’ special issue on ‘The Empirical Renaissance in Industrial Economics’, Bresnahan and Schmalensee (1987) recall that industrial economics started as a distinct field of economics with a series of book-length case studies of particular industries under the impulse of Edward Chamberlin and Edward Mason. The idea was that the profession would learn about imperfectly competitive markets by induction from an accumulation of detailed studies of particular product markets. Knowledge of the facts would lead to theoretical hypotheses. These hopes did not materialize.

Suggested Citation

  • Alan Kirman & Louis Phlips, 1996. "Empirical Studies of Product Markets," International Economic Association Series, in: Beth Allen (ed.), Economics in a Changing World, chapter 13, pages 297-330, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-25168-1_13
    DOI: 10.1007/978-1-349-25168-1_13
    as

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