Issue 3

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March 1982
Articles: 

Demand-Pull and Technological Invention: Schmookler Revisted

 During the 1950s and 1960s, quantitative research on the economics of invention was spurred by awareness that technical change was a primary source of the rapid economic growth achieved by indus

Scale Economics in Research and Development: The Schumpeterian Hypothesis

 THERE exists a vast empirical literature examining the relationship between the intensity of research and development activity (R & D) and the size of the firm.

Risk Aversion and Bidding Behavior for Offshore Petroleum Leases

 THIS paper examines economic determinants of bidding behavior in petroleum lease sales on the United States Outer Continental Shelf (OCS).

Pricing Behavior in the UK Wholesale Market for Petrol 1970-80: A "Structure-Conduct" Analysis

 THE objective of this paper is to contribute to a better understanding of pricing in the markets for manufactured goods through a detailed examination of pricing behaviour in the UK wholesale ma

Advertising and Intraindustry Brand Shift in the U.S. Brewing Industry

 The brewing industry has constituted a focus of interest in industrial organization economics since World War II, due to its rapidly increasing concentration, possibly large plant-level scale ec

Consumer Information and the Pricing of Legal Services

 In a classic article on the economics of information, George Stigler discussed the impact advertising could have on the dispersion of seller prices quoted in a marketplace.1 As one source of pri

Interpreting a Correlation between Market Structure and Performance

 CERTAIN types of controlled experiments may enable causal inferences to be made about the relationship between two variables; other types of experiments can be used to deal with the (not complet

A Model of the Effect of Conglomeration and Risk-Aversion on Pricing: A Comment

 It is important from a policy viewpoint to determine how the market behavior of monopolistic firms changes after a conglomerate merger.