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193 results in Industrial economics

Page 1 of 10

A Legal Theory of State-Owned Enterprises
  • The China Experience
  • James Si Zeng
  • Coming soon
  • Expected online publication date:
    October 2025
    Print publication:
    31 October 2025
  • The privatization of state-owned enterprises (SOEs) is more accurately described as a process of legalization rather than liberalization, given that the state often continues to regulate private enterprises even after privatization. This process requires clearly defining the boundaries between public power and private property, which entails significant social costs. The continued prevalence of SOEs in China is largely due to the difficulty of defining these boundaries, especially in sectors where safeguarding private property clashes with state priorities. Such sectors include water utilities, coal mining, commercial banking, and infrastructure, where competing state goals complicate the full privatization of the market. Therefore, it is essential to be cautious against the legal centrist view' that assumes law is inherently superior to state ownership. Privatizing SOEs is not merely the transfer of equity-it demands the establishment of advanced legal and regulatory frameworks, making it a complex and gradual endeavor.

Toward an Inframarginal Revolution
  • Redistributing the Gains from Trade
  • Edited by Ramsi A. Woodcock
  • Coming soon
  • Expected online publication date:
    July 2025
    Print publication:
    31 July 2025
  • Over the past fifteen years, there has been a growing interest in altering legal rules to redistribute wealth, with many scholars believing that neoclassical economic theory is biased against redistribution. Yet a growing number of progressive scholars are pushing back against this view. Toward an Inframarginal Revolution offers a fresh perspective on the redistribution of wealth by legal scholars who argue that the neoclassical concept of the gains from trade provides broad latitude for redistribution that will not harm efficiency. They show how policymakers can redistribute wealth via taxation, price regulation, antitrust, consumer law, and contract law by focusing on the prices at which inframarginal units of production change hands. Progressive and eye-opening, this volume uses conservative economic concepts to make a compelling case for radically redistributing wealth. This title is part of the Flip it Open Programme and may also be available open access. Check our website Cambridge Core for details.

The Cambridge Handbook of Algorithmic Price Personalization and the Law
  • Edited by Fabrizio Esposito, Mateusz Grochowski
  • Published online:
    20 March 2025
    Print publication:
    27 March 2025
  • In the current digital era, the growth of digital commerce and the data-driven economy has created new opportunities for firms to predict consumer behavior, including their willingness to pay a certain price. This practice of algorithmic pricing has become a widespread business model, raising concerns among economists and lawyers about its impact on the market and society. The Cambridge Handbook of Algorithmic Price Personalization and the Law is a comprehensive overview of the key debates surrounding algorithmic pricing, written by a multidisciplinary group of scholars with expertise in legal, economic, data science, and marketing research. The Handbook critically examines existing knowledge, identifies weaknesses, and proposes feasible alternatives for legal analysis, market regulation, and protection of vulnerable individuals. This comprehensive overview of algorithmic pricing is a one-stop reference for the political and legal community.

Cartels Diagnosed
  • New Insights on Collusion
  • Edited by Joseph E. Harrington Jr., Maarten Pieter Schinkel
  • Published online:
    06 December 2024
    Print publication:
    02 January 2025
  • Collusion remains a strong undercurrent of business practice despite anti-cartel enforcement being a top priority of competition authorities. Alongside active prosecution of cartels, the study of cartels is a vibrant area of research for economic and legal scholars. A challenge for both practice and scholarship is that cartels evolve, as colluding firms continuously devise new methods to circumvent competition. Cartels Diagnosed presents twelve gripping cartel case studies of collusion from key business sectors such as the airline industry, the gasoline industry, and big pharma. Written by renowned economists, these concise and accessible case studies deliver novel insights into cartel formation, facilitating practices, cartels' modus operandi, and the efficacy of cartels. Assisting in understanding new cartel mechanisms and their effects, developing new policies to deter and destabilize cartels, and measuring harm, this volume on cartel morphology is an invaluable reference for supporting public and private enforcers in detecting and prosecuting cartels.

The Cambridge Handbook of Healthcare
  • Productivity, Efficiency, Effectiveness
  • Edited by Shawna Grosskopf, Vivian Valdmanis, Valentin Zelenyuk
  • Published online:
    21 November 2024
    Print publication:
    28 November 2024
  • Healthcare is inextricably bound to productivity, efficiency, and economic development. Although many methods for analyzing productivity and efficiency have been extensively covered, relatively little focus has been placed on how those methods can be applied to health care in a coherent and comprehensive manner. The Cambridge Handbook of Healthcare outlines current foundations and states of the art on which future research can build. It brings together experts in this growing field to cover three key sources and aspects of human welfare – productivity, efficiency, and healthcare. Beginning with academic focused chapters, this book bridges and provides outreach to the practice and regulation of the health care industry and includes academic and regulatory perspectives, including overviews of major evidence from international empirical applications. Each chapter is dedicated to a particular topic and delivered by international experts on that topic.

Industrial Policy for the United States
  • Winning the Competition for Good Jobs and High-Value Industries
  • Marc Fasteau, Ian Fletcher
  • Published online:
    08 November 2024
    Print publication:
    21 November 2024
  • The U.S. is losing the competition for good jobs and high-value industries because most of Washington believes trade should be free, the dollar should float, and that innovation comes exclusively from the private sector. In this book, the authors make the bold case that these laissez-faire ideas have failed and that a robust industrial policy is the only way for America to remain prosperous and secure. Trump and Biden have enacted some of its elements, but it needs to be made systematic and comprehensive, including tariffs to protect key industries, a competitive exchange rate, and federal support for commercialization—not just invention—of new technologies. Timely, meticulously researched, and bipartisan, this impressive analysis replaces misunderstandings about industrial policy with lucid explanations of its underlying economic theory, the tools that implement it, and its successes (and failures) in America and abroad. It examines key industries of the past and future – steel, automobiles, television, semiconductors, space, aviation, robotics, and nanotechnology. It concludes with a realistic, actionable policy roadmap. A work of rigor and ambition, Industrial Policy for the United States is essential reading.

Improving Procedural Justice in Anti-Dumping Investigations
  • Lessons from the US and EU Practices Against China
  • Abdulkadir Yilmazcan
  • Published online:
    09 May 2024
    Print publication:
    16 May 2024
  • By synthesizing both theoretical and empirical insights, this book offers a distinctive perspective on procedural justice within the context of anti-dumping investigations. The book highlights the disjunction between the provisions outlined in the World Trade Organization's Anti-Dumping Agreement (ADA) and the practical encounters faced by stakeholders such as exporters, regulatory bodies, and legal experts affiliated with the WTO. Employing a mixed-method approach, the research encompasses a comprehensive doctrinal analysis of procedural complexities alongside empirical investigations involving key stakeholders such as WTO legal experts, Chinese exporters, and investigating authorities. Furthermore, this book underscores the potential for enhancing procedural justice through either a comprehensive reform of the ADA or concrete measures such as a standardized anti-dumping questionnaire. Such improvements offered in the book have the potential to curtail the misuse of anti-dumping investigations, consequently mitigating a substantial number of disputes that might be brought before the WTO's Dispute Settlement Mechanism.

Re-Understanding Entrepreneurship
  • What It Is and Why It Matters
  • Weiying Zhang
  • Translated by Matthew Dale
  • Published online:
    02 May 2024
    Print publication:
    02 May 2024
  • How do entrepreneurs make decisions in the real world? Why are entrepreneurs absent from mainstream economics? What functions do entrepreneurs play in the market? What type of institutional environment is needed for entrepreneurship to play a role? Neoclassical economics is a market theory without entrepreneurship. This misconception distorts our understanding of how the real market works, leading to a theory of market failure that forms the common foundation of various government interventions. The market is not only an allocative process but, more importantly, a discovery and creative process. To understand the real market, Weiying Zhang argues that economics must shift from a price-centric to an entrepreneur-centric paradigm. Blending theory and narrative, Zhang intersects history with the present supporting his theory with relevant case studies. He argues that once entrepreneurship in the market is correctly understood, the foundation for government intervention is undermined and the economy can sustainably flourish.

Fronsperger and Laffemas
  • 16th-Century Precursors of Modern Economic Ideas
  • Edited by Erik S. Reinert, Philipp Robinson Rössner
  • Leonhard Fronsperger, Barthélemy de Laffemas
  • Published by:
    Anthem Press
    Published online:
    28 February 2024
    Print publication:
    02 May 2023
  • This volume introduces two unique and hitherto largely unknown contributions to the making of modern economic knowledge, and makes them available internationally for the first time in full English translation. Written in 1597 Barthelemy de Laffemas' General regulation for the establishment of manufacturers (originally in French: Reiglement général pour dresser les manufactures) is one of the earliest voices in the history of political economy emphasising the necessity of manufacturing and large-scale industry as the source of the wealth of nations. Located somewhat at the cross-roads between medieval Scholasticism and early mercantilism presents a basic version of the infant industry argument and European standard model of economic development which made it into later doctrines of thought including Enlightenment thinkers such as Colbert, Sir James Steuart or Friedrich List and nineteenth and twentieth century neomercantilism.

    Leonhard Fronsperger's On the praise of self-interest (German original: Von dem Lob deß Eigen Nutzen, 1564) is the first documented instance of the 'Mandeville paradox', a theorem in modern economics usually associated with much later writings including Bernard de Mandeville's Fable of the Bees (1705/14), or Adam Smith's Theory of Moral Sentiments (1759) and Wealth of Nations (1776). Vested in Renaissance Humanism southern German military surgeon and polymath Fronsperger argues - without moving into the abstractions of neoliberalism - that possessive individualism and self-interest are key forces moving the human economy forward, contributing to virtuous cycles of enrichment and economic development.

The Economics of Construction
  • Stephen Gruneberg, Noble Francis
  • Published by:
    Agenda Publishing
    Published online:
    24 August 2023
    Print publication:
    14 December 2018
  • The construction of housing, commercial property and infrastructure projects - roads, bridges, tunnels, railways, airports - for both the private and public sectors is one of the biggest industries in the world. It contributes around 10 per cent of world GDP, employs 7 per cent of the global workforce, and consumes around 20 per cent of the world's energy. It is also a highly fragmented industry with very low profit margins and a high risk of failure for the many firms operating in its complex supply chain.

    Stephen Gruneberg and Noble Francis present an up-to-date analysis of how construction markets operate, how firms collaborate on projects, and how their business models work. They explore the many distinctive features of the economics of the industry, such as the use of cost-reduction rather than profit-maximizing behaviour, the processes of tendering and procurement, and the often cyclical nature of demand. Particular challenges for the industry, such as the frequency of disputes between firms and the low productivity of the sector, are shown to be the outcomes of a business model that tends to focus on the volatility of demand and managing risk at the expense of improving efficiency. As well as discussing industry-wide issues, the authors also examine how individual projects are costed.

    The book offers authoritative analysis and expert insight into the economics of a much misunderstood industry and is suitable for a range of courses in business schools and departments of architecture and the built environment.

The Economics of Cars
  • Fabio Cassia, Matteo Ferrazzi
  • Published by:
    Agenda Publishing
    Published online:
    24 August 2023
    Print publication:
    31 March 2018
  • The automotive sector represents more than a simple industry. It embodies the economic and technological power of nations, the lifestyle and consumption patterns of societies, the dynamics of urban and territorial development, and acts as a national barometer of economic success and failure.

    This book explains how the car industry works and analyses the challenges both for the sector and for the economies that rely on the industry for jobs, growth and innovation. It explores an industry that has been under severe pressure in industrialized countries for many years - factories have closed, jobs have gone and brands and manufacturers have disappeared - yet world production has never been higher, reaching new peaks annually.

    The authors investigate how western and Japanese manufacturers still dominate the market, despite the challenge posed by Korean, Chinese and Indian competitors. They examine how changing environmental policies and consumer preferences are moving the industry towards electric vehicles; how usage patterns are evolving, favouring car-sharing; and how advances in electronics and digitalization are set to further reshape the sector with autonomous and self-driving vehicles.

    The book offers readers a short, non-technical guide to the workings of a fast-moving industry that remains of huge importance to both national and global economies.

Economic Analysis of Property Rights
  • 3rd edition
  • Yoram Barzel, Douglas W. Allen
  • Published online:
    17 August 2023
    Print publication:
    31 August 2023
  • The standard neoclassical model of economics is incapable of explaining why one form of organization arises over another. It is a model where transaction costs are implicitly assumed to not exist; however, transaction costs are here defined as the costs of strengthening a given distribution of economic property rights, and they always exist. Economic Analysis of Property Rights is a study of how individuals organise resources to maximise the value of their economic rights over these resources. It offers a unified theoretical structure to deal with exchange, rights formation, and organisation that traditional economic theory often ignores. It explains how transaction costs can be reduced through reorganization and, in the end, how the distribution of property rights that exists is the one that maximizes wealth net of these transaction costs. This necessary hypothesis explains much of the puzzling organizations and institutions that exist now and have existed in the past.

Mighty Microeconomics
  • A Guide to Thinking Like An Economist
  • Michihiro Kandori
  • Published online:
    15 July 2023
    Print publication:
    06 July 2023
  • Economics helps us to understand that certain slick mechanisms are operating beyond what we see in our daily economic lives. To fully understand and appreciate these mechanisms, we need to master the core mathematical theories, some of which are highly advanced and typically covered in a graduate course. This textbook presents those theories without compromising rigor, but, at the same time, the author offers a number of innovative pedagogical twists that make the difficult materials completely accessible to undergraduate students, and even to general readers. Written in a chatty, colloquial style, the author explains basic messages and core insights that are usually hidden between the lines. The usefulness of these theories is shown through a number of real-life examples, and, in the end, the readers can see that the mathematical models provide deep insights into social justice and philosophy. This book helps readers to think like an economist.

Modern Economic Regulation
  • An Introduction to Theory and Practice
  • 2nd edition
  • Christopher Decker
  • Published online:
    25 May 2023
    Print publication:
    08 June 2023
  • Economic regulation affects us all, shaping how we access essential services such as water, energy and transport, as well as how we communicate with one another in the digital world. Modern Economic Regulation describes the core insights of economic theory on which regulatory policies are based and connects this with evidence of how regulation is applied. It focuses on fundamental questions such as: why are certain industries regulated? What principles can inform regulation? How is regulation implemented? Which regulatory policies have been more, or less, effective in practice? All chapters in this second edition are fully updated to reflect the latest research and evidence, while five new chapters cover behavioural economics and the regulation of rail, aviation, payment systems and digital platforms. Each chapter contains discussion questions and topical case studies, and online materials include over 60 applied exercises that explore real-life regulatory problems from around the world.

Property Law
  • Comparative, Empirical, and Economic Analyses
  • Yun-chien Chang
  • Published online:
    18 May 2023
    Print publication:
    01 June 2023
  • The first book of its kind, Property Law: Comparative, Empirical, and Economic Analyses, uses a unique hand-coded data set on nearly 300 dimensions on the substance of property law in 156 jurisdictions to describe the convergence and divergence of key property doctrines around the world. This book quantitatively analyzes property institutions and uses machine learning methods to categorize jurisdictions into ten legal families, challenging the existing paradigms in economics and law. Using other cross-country data, the author empirically tests theories about property law and comparative law. Using economic efficiency as both a positive and a normative criterion, each chapter evaluates which jurisdictions have the most efficient property doctrines, concluding that the common law is not more efficient than the civil law. Unlike prior studies on empirical comparative law, this book provides detailed citations to laws in each jurisdiction. Data and documentation are publicly available on the author's website.

Leniency in Asian Competition Law
  • Edited by Steven Van Uytsel, Mark Fenwick, Yoshiteru Uemura
  • Published online:
    15 September 2022
    Print publication:
    22 September 2022
  • In response to cartel formation, competition lawyers and policymakers in nine Asian jurisdictions have experimented with leniency programmes. This mechanism allows firms to come forward with information in relation to their illegal cartel participation in return for a reduction of or immunity from a sanction. The experimentation plays out across three different dimensions: the revision of early adopted leniency programmes, the introduction of newly written leniency programmes, and the decision – deliberate or otherwise – not to create a leniency programme. This volume is the first to analyse the empirical evidence across a number of countries to determine how effective these measures have been, and how they have been amended in response to problems encountered. In this volume, local experts from key Asian jurisdictions, together with international experts, offer an introduction to this fast-developing field, and explore the theoretical, international and regulatory contexts of leniency programmes.

The Economics of Firm Productivity
  • Concepts, Tools and Evidence
  • Carlo Altomonte, Filippo di Mauro
  • Published online:
    14 April 2022
    Print publication:
    21 April 2022
  • Productivity varies widely between industries and countries, but even more so across individual firms within the same sectors. The challenge for governments is to strike the right balance between policies designed to increase overall productivity and policies designed to promote the reallocation of resources towards firms that could use them more effectively. The aim of this book is to provide the empirical evidence necessary in order to strike this policy balance. The authors do so by using a micro-aggregated dataset for 20 EU economies produced by CompNet, the Competitiveness Research Network, established some 10 years ago among major European institutions and a number of EU productivity boards, National Central Banks, National Statistical institutes, as well as academic Institutions. They call for pan-EU initiatives involving statistical offices and scholars to achieve a truly complete EU market for firm-level information on which to build solidly founded economic policies.

Regulating Public Services
  • Bridging the Gap between Theory and Practice
  • Emmanuelle Auriol, Claude Crampes, Antonio Estache
  • Published online:
    27 January 2022
    Print publication:
    21 October 2021
  • Regulation is one of the tools used by governments to control monopolistic behaviour in the provision of public services such as electricity, transport or water. Technological and financial innovations have changed these public services markets since the 1990s, bringing new regulatory challenges, including technological and financial ones. This book demonstrates that basic regulatory theory and tools can address these new challenges, in addition to more traditional regulatory issues, both in developed and developing economies. The theory covered in the book is robust enough to guide regulators in multiple contexts, including those resulting from the effects of financial or political constraints, evolving market structures or the need to adapt to institutional weaknesses, climate change and poverty concerns that demand regulatory intervention. A bridge between theory and an evolving global practice, this book mobilizes the lessons of the past to analyse the future of economic regulation.

Market Investigations
  • A New Competition Tool for Europe?
  • Edited by Massimo Motta, Martin Peitz, Heike Schweitzer
  • Published online:
    23 December 2021
    Print publication:
    06 January 2022
  • In many economic sectors – the digital industries being first and foremost – the market power of dominant firms has been steadily increasing and is rarely challenged by competitors. Existing competition laws and regulations have been unable to make markets more contestable. The book argues that a new competition tool is needed: market investigations. This tool allows authorities to intervene in markets which do not function as they should, due to market features such as network effects, scale economies, switching costs, and behavioural biases. The book explains the role of market investigations, assesses their use in the few jurisdictions where they exist, and discusses how they should be designed. In so doing, it provides an invaluable and timely instrument to both practitioners and academics.

Network Infrastructures
  • Technology meets Institutions
  • Rolf Kunneke, Claude Ménard, John Groenewegen
  • Published online:
    02 December 2021
    Print publication:
    09 December 2021
  • Infrastructures are complex networks dominated by tight interdependencies between technologies and institutions. These networks supply services crucial to modern societies, services that can be provided only if several critical functions are fulfilled. This book proposes a theoretical framework with a set of concepts to analyse rigorously how these critical functions require coordination within the technological dimension as well as within the institutional dimension. It also shows how fundamental the alignment between these two dimensions is. It argues that this alignment operates along different layers characterized successively by the structure, governance and transactions that connect technologies and institutions. These issues of coordination and alignment, at the core of the book, are substantiated through in-depth case studies of networks from the energy, water and wastewater, and transportation sectors.

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