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Structural versus Quasi-Experimental Approaches to Industrial Organization

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  • Michael Waterson

Abstract

This paper charts some key milestones in the empirical developments in Industrial Organization, focusing on the types of questions examined and the empirical approaches adopted, specifically contrasting the structural and quasi-experimental approaches. Both have strengths and weaknesses, and both involve some art as well as science. The questions asked have become narrower but better specified.

Suggested Citation

  • Michael Waterson, 2014. "Structural versus Quasi-Experimental Approaches to Industrial Organization," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 21(1), pages 43-47, February.
    • Handle: RePEc:taf:ijecbs:v:21:y:2014:i:1:p:43-47
    DOI: 10.1080/13571516.2013.864491
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    References listed on IDEAS

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    1. Clarke, Roger & Davies, Stephen & Waterson, Michael, 1984. "The Profitability-Concentration Relation: Market Power or Efficiency?," Journal of Industrial Economics, Wiley Blackwell, vol. 32(4), pages 435-450, June.
    2. Joshua D. Angrist & Jörn-Steffen Pischke, 2010. "The Credibility Revolution in Empirical Economics: How Better Research Design Is Taking the Con out of Econometrics," Journal of Economic Perspectives, American Economic Association, vol. 24(2), pages 3-30, Spring.
    3. David Genesove & Wallace P. Mullin, 1998. "Testing Static Oligopoly Models: Conduct and Cost in the Sugar Industry, 1890-1914," RAND Journal of Economics, The RAND Corporation, vol. 29(2), pages 355-377, Summer.
    4. Joseph E. Stiglitz & G. Frank Mathewson (ed.), 1986. "New Developments in the Analysis of Market Structure," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262690934, April.
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