Economics of industrial organization Books

Book SynopsisGeoffrey West's research centres on a quest to find unifying principles and patterns connecting everything, from cells and ecosystems to cities, social networks and businesses.Why do organisms and ecosystems scale with size in a remarkably universal and systematic fashion?Is there a maximum size of cities? Of animals and plants? What about companies?Can scale show us how to create a more sustainable future?By applying the rigour of physics to questions of biology, visionary physicist Geoffrey West found that despite the riotous diversity in the sizes of mammals, they are all, to a large degree, scaled versions of each other. This speaks to everything from how long we can expect to live to how many hours of sleep we need. He then made the even bolder move of exploring his work's applicability to cities and to the business world. These investigations have led to powerful insights about the elemental natural laws that bind us together in profound ways, and how all complex systems are dancing to the same simple tune, however diverse and unrelated they may seem.Trade Review'The sort of big-ideas book that comes along only every few years . . . This is a book full of thrilling ideas' * Sunday Times *'Magisterial . . . you reach the end of this profound, revealing book rewarded. West shows how scientific method helps to peel back the hidden reality of our world. The concepts of physics dominated the last century. It is the concepts of biology - of networks, evolution and feedback dynamics - that are going to dominate the next' -- Matthew Syed * The Times *'Quite dazzling . . . The book proceeds by introducing one mathematical concept in each chapter (power laws, fractals and so on), and explaining it vividly through numerous examples drawn from biology, history, urban planning, and many other fields . . . written with great joy and a disarming humility' -- Steven Poole * The Spectator *'An absolutely riveting read. Like the best detective story, West lays out the amazing challenge of understanding why animals, cities and companies all scale so uniformly and then skilfully lets us into the secrets that his detective work has uncovered. This book captures the spirit of science in the twenty-first century, revealing the deep connections not just across physics and biology but society and life. The book is a perfect balance between the big scientific story and West's own personal narrative. We accompany the author on his quest to face up to his own mortality while at the same time being exposed to the theoretical discoveries that West has pioneered in his groundbreaking work' -- Marcus du Sautoy, Simonyi Professor for the Public Understanding of Science at Oxford University and author of The Great Unknown 'This is an important and original book, of immense scope. Geoffrey West is a polymath, whose insights range over physics, biology and the social sciences. He shows that the sizes, shapes and lifetimes of living things - despite their amazing diversity - display surprising correlations and patterns, and that these follow from basic physical principles. He then discovers, more surprisingly, the emergence of similar 'scaling laws' in human societies - in our cities, companies and social networks. This fascinating book deserves a very wide readership' -- Lord Martin Rees, Astronomer Royal'Scaling is the most important yet most hidden and rarely discussed attribute -- without understanding it one cannot possibly understand the world. This book will expand your thinking from three dimensions to four. Get two copies, just in case you lose one' -- Nassim Nicholas Taleb'I can think of no more exciting thinker in the world today than Geoffrey West. By bringing a physicist's razor-sharp mind to wonderfully surprising questions - "Why Aren't There Mammals the Size of Tiny Ants?" or "Are Cities and Companies Just Very Large Organisms?" - West forces us to see everything anew, from our own bodies to the mega-cities our species increasingly chooses to inhabit. Scale is a firework display of popular science' -- Niall Ferguson'Trees, brains, hallucinogenics and even imaginary monsters are considered in this joyous, mind-boggling study of scientific methods' * Telegraph, Top 50 Best Books of 2017 *'An enchanting intellectual odyssey . . . also a satisfying personal and professional memoir of a distinguished scientist whose life's work came to be preoccupied with finding ways to break down traditional boundaries between disciplines to solve the long-term global challenges of sustainability . . . Mr West manages to deliver a lot of theory and history accessibly and entertainingly . . . Provocative and fascinating' * New York Times *'It's rare in the history of science that someone has a big, bold, beautiful, stunningly simple new idea that also turns out to be right. Geoffrey West had one. And Scale is its story' -- Steven Strogatz, Professor of Mathematics, Cornell University and author of The Joy of X 'Geoffrey West's Scale is a revelation. Based on his path-breaking theory and research on super-linear scaling, it provides powerful new insights into the basic scientific laws that power our modern society and economy, its start-up companies, large corporations and cities. The book is a must-read for CEOs, technologists, mayors, urban leaders and anyone who wants to understand the simple laws that shape the complex, self-organizing world in which we live' -- Richard Florida, author of THE RISE OF THE CREATIVE CLASS and a senior editor at THE ATLANTIC'Scale is filled with brilliant insights. West illuminates the laws of nature underlying everything from tiny organisms and humans to cities and companies, and provides a quantitative framework for decoding the deep complexity of our interconnected world. If you want to know why companies fail, how cities persist and what is needed to sustain our civilization in this era of rapid innovation, read this amazing book' -- Marc Benioff, founder and CEO of Salesforce'If there were a Nobel Prize for transdisciplinary science Geoffrey West would have won it for the work covered in Scale. This is a book of great originality and deep importance, containing startling insights about topics as seemingly unrelated as aging and death, sleep, metabolism, cities, energy use, creativity, corporations, and even the sustainability of our existence. If you are curious about how the world really works, you must read this book' -- Bill Miller, LMM Investments'This spectacular book on how logarithmic scaling governs everything is packed with news - from the self-similar dynamics of cells and ecosystems to exactly why companies always die and cities don't. I dog-eared and marked up damn near every page' -- Stewart Brand, creator of the WHOLE EARTH CATOLOG'When Geoffrey West, a brilliant theoretical physicist, turned his lens to the study of life spans, biological systems or cities he stumbled onto a game-changing universal insight about growth and sustainability. Scale is dazzling and provocative and West proves himself to be a compelling and entertaining writer - this is a book we will be talking about for a long time' -- Abraham Verghese, author of CUTTING FOR STONEThis book is breathtaking in its scope and vision! It represents the culmination of exciting theoretical work addressing critical questions in life. Written by a clever physicist and one of the most influential thinkers of the time, Geoffrey West, this volume elaborates on the author's intriguing discovery that the growth, organisation and dynamics of humans, animals and plants scale with their size. .....It is really an enjoyable readthat takes readers on a journey of fresh insights and illuminating perspectives. -- Walid El-Sharoud * SCIENCE PROGRESS *In this "grand unified theory of sustainability", physicist Geoffrey West explores underlying laws that link society and nature, called scaling theory. Insights (into city size and walking speed, for instance) abound -- Mary Craig * NATURE *

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Book SynopsisThis text presents statistical methods for studying causal effects and discusses how readers can assess such effects in simple randomized experiments.Trade Review'This book offers a definitive treatment of causality using the potential outcomes approach. Both theoreticians and applied researchers will find this an indispensable volume for guidance and reference.' Hal Varian, Chief Economist, Google, and Emeritus Professor, University of California, Berkeley'By putting the potential outcome framework at the center of our understanding of causality, Imbens and Rubin have ushered in a fundamental transformation of empirical work in economics. This book, at once transparent and deep, will be both a fantastic introduction to fundamental principles and a practical resource for students and practitioners. It will be required readings for any class I teach.' Esther Duflo, Massachusetts Institute of Technology'Causal Inference sets a high new standard for discussions of the theoretical and practical issues in the design of studies for assessing the effects of causes - from an array of methods for using covariates in real studies to dealing with many subtle aspects of non-compliance with assigned treatments. The book includes many examples using real data that arose from the authors' extensive research portfolios. These examples help to clarify and explain many important concepts and practical issues. It is a book that both methodologists and practitioners from many fields will find both illuminating and suggestive of further research. It is a professional tour de force, and a welcomed addition to the growing (and often confusing) literature on causation in artificial intelligence, philosophy, mathematics and statistics.' Paul W. Holland, Emeritus, Educational Testing Service'A comprehensive and remarkably clear overview of randomized experiments and observational designs with as-good-as-random assignment that is sure to become the standard reference in the field.' David Card, Class of 1950 Professor of Economics, University of California, Berkeley'This book will be the 'Bible' for anyone interested in the statistical approach to causal inference associated with Donald Rubin and his colleagues, including Guido Imbens. Together, they have systematized the early insights of Fisher and Neyman and have then vastly developed and transformed them. In the process they have created a theory of practical experimentation whose internal consistency is mind-boggling, as is its sensitivity to assumptions and its elaboration of the key 'potential outcomes' framework. The authors' exposition of random assignment experiments has breadth and clarity of coverage, as do their chapters on observational studies that can be readily conceptualized within an experimental framework. Never have experimental principles been better warranted intellectually or better translated into statistical practice. The book is a 'must read' for anyone claiming methodological competence in all sciences that rely on experimentation.' Thomas D. Cook, Joan and Sarepta Harrison Chair of Ethics and Justice, Northwestern University, Illinois'In this wonderful and important book, Imbens and Rubin give a lucid account of the potential outcomes perspective on causality. This perspective sensibly treats all causal questions as questions about a hidden variable, indeed the ultimate hidden variable, 'What would have happened if things were different?' They make this perspective mathematically precise, show when and to what degree it succeeds, and discuss how to apply it to both experimental and observational data. This book is a must-read for natural scientists, social scientists and all other practitioners who seek new hypotheses and new truths in their complex data.' David Blei, Columbia University, New York'This thorough and comprehensive book uses the 'potential outcomes' approach to connect the breadth of theory of causal inference to the real-world analyses that are the foundation of evidence-based decision making in medicine, public policy and many other fields. Imbens and Rubin provide unprecedented guidance for designing research on causal relationships, and for interpreting the results of that research appropriately.' Mark McClellan, Director of the Health Care Innovation and Value Initiative, Brookings Institution, Washington DC'This book will revolutionize how applied statistics is taught in statistics and the social and biomedical sciences. The authors present a unified vision of causal inference that covers both experimental and observational data. They do a masterful job of communicating some of the deepest, and oldest, issues in statistics to readers with disparate backgrounds. They closely connect theoretical concepts with applied concerns, and they honestly and clearly discuss the identifying assumptions of the methods presented. Too many books on statistical methods present a menagerie of disconnected methods and pay little attention to the scientific plausibility of the assumptions that are made for mathematical convenience, instead of for verisimilitude. This book is different. It will be widely read, and it will change the way statistics is practiced.' Jasjeet S. Sekhon, Robson Professor of Political Science and Statistics, University of California, Berkeley'Clarity of thinking about causality is of central importance in financial decision making. Imbens and Rubin provide a rigorous foundation allowing practitioners to learn from the pioneers in the field.' Stephen Blyth, Managing Director, Head of Public Markets, Harvard Management Company'A masterful account of the potential outcomes approach to causal inference from observational studies that Rubin has been developing since he pioneered it fourty years ago.' Adrian Raftery, Blumstein-Jordan Professor of Statistics and Sociology, University of Washington'Correctly drawing causal inferences is critical in many important applications. Congratulations to Professors Imbens and Rubin, who have drawn on their decades of research in this area, along with the work of several others, to produce this impressive book covering concepts, theory, methods and applications. I especially appreciate their clear exposition on conceptual issues, which are important to understand in the context of either a designed experiment or an observational study, and their use of real applications to motivate the methods described.' Nathaniel Schenker, Statistician'The book is well-written with a very comprehensive coverage of many issues associated with causal inference. As can be seen from its table of contents, the book uses multiple perspectives to discuss these issues including theoretical underpinnings, experimental design, randomization techniques and examples using real-world data.' Carol Joyce Blumberg, International Statistical Review'Guido Imbens and Don Rubin present an insightful discussion of the potential outcomes framework for causal inference … this book presents a unified framework to causal inference based on the potential outcomes framework, focusing on the classical analysis of experiments, unconfoundedness, and noncompliance. The book has become an instant classic in the causal inference literature, broadly defined, and will certainly guide future research in this area. All researchers will benefit from carefully studying this book, no matter what their specific views are on the subject matter.' Matias D. Cattaneo, Journal of the American Statistical Association'Guido Imbens and Donald Rubin have written an authoritative textbook on causal inference that is expected to have a lasting impact on social and biomedical scientists as well as statisticians. Researchers have been waiting for the publication of this book, which is a welcome addition to the growing list of textbooks and monographs on causality … the authors should be congratulated for the publication of this impressive volume. The hook provides a unified introduction to the potential outcomes approach with the focus on the basic causal inference problems that arise in randomized experiments and observational studies.' Alicia A. Lloro, Journal of the American Statistical AssociationTable of ContentsPart I. Introduction: 1. The basic framework: potential outcomes, stability, and the assignment mechanism; 2. A brief history of the potential-outcome approach to causal inference; 3. A taxonomy of assignment mechanisms; Part II. Classical Randomized Experiments: 4. A taxonomy of classical randomized experiments; 5. Fisher's exact P-values for completely randomized experiments; 6. Neyman's repeated sampling approach to completely randomized experiments; 7. Regression methods for completely randomized experiments; 8. Model-based inference in completely randomized experiments; 9. Stratified randomized experiments; 10. Paired randomized experiments; 11. Case study: an experimental evaluation of a labor-market program; Part III. Regular Assignment Mechanisms: Design: 12. Unconfounded treatment assignment; 13. Estimating the propensity score; 14. Assessing overlap in covariate distributions; 15. Design in observational studies: matching to ensure balance in covariate distributions; 16. Design in observational studies: trimming to ensure balance in covariate distributions; Part IV. Regular Assignment Mechanisms: Analysis: 17. Subclassification on the propensity score; 18. Matching estimators (Card-Krueger data); 19. Estimating the variance of estimators under unconfoundedness; 20. Alternative estimands; Part V. Regular Assignment Mechanisms: Supplementary Analyses: 21. Assessing the unconfoundedness assumption; 22. Sensitivity analysis and bounds; Part VI. Regular Assignment Mechanisms with Noncompliance: Analysis: 23. Instrumental-variables analysis of randomized experiments with one-sided noncompliance; 24. Instrumental-variables analysis of randomized experiments with two-sided noncompliance; 25. Model-based analyses with instrumental variables; Part VII. Conclusion: 26. Conclusions and extensions.

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Book SynopsisThe world of construction is intrinsically linked with that of finance, from the procurement and tendering stage of projects right through to valuation of buildings. In addition to this, things like administrations, liquidations, mergers, take-overs, buy-outs and floatations affect construction firms as they do all other companies.This book is a rare explanation of common construction management activities from a financial point of view. While the practical side of the industry is illustrated here with case studies, the authors also take the time to build up an understanding of balance sheets and P&L accounts before explaining how common tasks like estimating or valuation work from this perspective.Readers of this book will not only learn how to carry out the tasks of a construction cost manager, quantity surveyor or estimator, they will also understand the financial logic behind them, and the motivations that drive senior management. This is an essential book for studTable of Contents1. Pre-contract financial management 2. Procurement systems 3. Elements of a contractor’s bid 4. Design and consultancy teams managing finance and risk for employers 5. Valuations and interim payments 6. Post Contract 7. Financial management post practical completion 8. Capital investment appraisal 9. Capital investment appraisal – further considerations 10. Corporate accounts 11. Raising capital and managing liquidity

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Book SynopsisWith twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.Trade Review'The electricity sector - the backbone of the modern economy - is under tremendous pressure right now. Because of climate change, it is being asked to both grow at a much faster pace than it has historically and, at the same time, fundamentally transform its operations. There is no better time for a comprehensive volume with an all-star list of contributors - hats off to Glachant, Joskow and Pollitt.' -- Catherine Wolfram, University of California, Berkeley, USTable of ContentsContents: 1 Introduction to the Handbook on Electricity Markets 1 Jean-Michel Glachant, Paul L. Joskow and Michael G. Pollitt PART I TAKING STOCK: THE LEGACY 2 Strengths and weaknesses of traditional arrangements for electricity supply 13 Richard Schmalensee 3 Optimal wholesale pricing and investment in generation: the basics 36 Paul L. Joskow and Thomas-Olivier L.autier 4 Wholesale electricity market design 73 Frank A. Wolak 5 The evolution of competitive retail electricity markets 111 Stephen Littlechild 6 Strengths and weaknesses of the British market model 156 David Newbery 7 Strengths and weaknesses of the PJM market model 182 William W. Hogan 8 ERCOT: success (so far) and lessons learned 205 Ross Baldick, Shmuel S. Oren, Eric S. Schubert and Kenneth Anderson 9 Lessons from Australia’s National Electricity Market 1998–2018: strengths and weaknesses of the reform experience 242 Paul Simshauser 10 Strengths and weaknesses of the Nordic market model 287 Chlo. Le Coq and Sebastian Schwenen 11 The evolution of the European model for electricity markets 308 Fabien Roques PART II ADAPTING TO NEW TECHNOLOGIES AND NEW POLICY PRIORITIES 12 New technologies on the supply side 332 Nils May and Karsten Neuhoff 13 New technologies on the demand side 353 Fereidoon Sioshansi 14 Tools and policies to promote decarbonization of the electricity sector 383 Kathryne Cleary, Carolyn Fischer and Karen Palmer 15 Shifting supply as well as demand: the new economics of electricity with high renewables 408 Richard Green 16 The future design of the electricity market 428 Michael G. Pollitt 17 New business models in the electricity sector 443 Jean-Michel Glachant 18 Electrifying transport: issues and opportunities 463 Bentley C. Clinton, Christopher R. Knittel and Konstantinos Metaxoglou 19 Electrification of residential and commercial heating 506 Mathilde Fajardy and David M. Reiner 20 Harnessing the power of integration to achieve universal electricity access: the case for the Integrated Distribution Framework 540 Ignacio J. P.rez-Arriaga, Divyam Nagpal, Gr.goire Jacquot and Robert Stoner 21 Reforming China’s electricity industry: national aspiration, bureaucratic empires, local interests 568 Xu Yi-chong 22 The evolution of electricity sectors in Africa: ongoing obstacles and emerging opportunities to reach universal targets 595 Vivien Foster, Anton Eberhard and Gabrielle Dyson Index 629

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Book SynopsisFor 5000 years shipping has served the world economy and today it provides a sophisticated transport service to every part of the globe. Yet despite its economic complexity, shipping retains much of the competitive cut and thrust of the perfect market of classical economics. This blend of sophisticated logistics and larger than life entrepreneurs makes it a unique case study of classical economics in a modern setting.The enlarged and substantially rewritten Maritime Economics uses historical and theoretical analysis as the framework for a practical explanation of how shipping works today. Whilst retaining the structure of the second edition, its scope is widened to include: lessons from 5000 years of commercial shipping history shipping cycles back to 1741, with a year by year commentary updated chapters on markets; shipping costs; accounts; ship finance and a new chapter on the return on capital new chapters on the geography of sea trade; tTrade Review'This is a splendid book, well illustrated, with plenty of technical explanation as to the hardware employed by this fascinating industry. It deserves to be at the elbow of all those who pretend to any knowledge of the amazing maritime world we cheerfully inhabit.' - Michael Grey, Lloyd's List Maritime Economics is an exceptionally well-written overview of the international shipping industry. - CHOICE Table of ContentsPart 1: Introduction to Shipping 1. Sea Transport in the Global Economy 2. The Economic Organization of the Shipping Market Part 2: Shipping Market Economics 3. Shipping Market Cycles 4. Supply, Demand and Freight Rates 5. The Four Shipping Markets Part 3: Shipping Company Economics 6. Costs, Revenue and Cashflow 7. Financing Ships and Shipping Companies 8. Risk, Return and Shipping Company Economics Part 4: Seaborne Trade and Transport Systems 9. The Geography of Maritime Trade 10. The Principles of Maritime Trade 11. Transport of Bulk Cargo 12. Transport of Specialised Cargoes 13. Transport of General Cargo Part 5: The Merchant Fleet and Transport Supply 14. The Ships that Supply the Transport 15. The Economics of Merchant Shipbuilding and Scrapping 16. The Regulation of the Maritime Industry Part 6: Forecasting and Planning 17. Maritime Forecasting and Market Research

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Book SynopsisApple, Starbucks, Amazon, Zara, McDonald's - these are some of the brands and companies that are at the forefront of today's global economy. They are embedded in virtually every city and town. But when the global economy goes wrong (as in 2008), it can leave local communities vulnerable in the form of unemployment and bankruptcy. This forward-looking book argues for the creation of local economies as a means of resisting the seismic changes that globalization often brings, especially in times of crises. Moreover, research shows that for every GBP100 spent in a local shop, 45% will remain in the community (compared with only 15% if spent in retail chains such as Tesco or Aldi). As part of the design of the future, Elmark argues for the need to break up the global economy into local economies, so that communities can regain their independence and be less exposed to the tide of globalization.

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Book SynopsisArtificial intelligence threatens to disrupt the professions as it has manufacturing. Frank Pasquale argues that law and policy can avert this outcome and promote better ones: instead of replacing humans, technology can make our labor more valuable. Through regulation, we can ensure that AI promotes inclusive prosperity.Trade ReviewThought-provoking…Explores how we can best try to ensure that robots work for us, rather than against us, and proposes a new set of laws to provide a conceptual framework for our thinking on the subject. * Financial Times *Pasquale calls for a society-wide reengineering of policy, politics, economics, and labor relations to set technology on a more regulated and egalitarian path…Makes a good case for injecting more bureaucracy into our techno-dreams, if we really want to make the world a better place. * Wired *Pasquale has explored the myriad ways that technological advances affect how we work, what media we consume, how law is made and enforced, and much more. He brings a refreshingly philosophical, even spiritual, perspective to these discussions, while concretely addressing the problems that arise when robots advance into hospitals, schools, and militaries. -- Lawrence Joseph * Commonweal *We are careening toward a future where machines rule and people are diminished and excluded. In this jewel of a book, Frank Pasquale demonstrates beyond doubt that a machine future is neither inevitable nor desirable, but he does not stop there. Instead, he judiciously constructs the urgently needed alternative, outlining the principles and practices—for technology, public policy, and law—that set us on a new trajectory toward a humane digital future. Citizens and lawmakers, read this book as if our future depends upon it. This is the rare case when it actually does. -- Shoshana Zuboff, author of The Age of Surveillance CapitalismFrank Pasquale is one of the leading voices on the uneven and often unfair consequences of AI in our society. In this insightful new work, he explains how we can protect workers and foster a world free from harmful and discriminatory technologies. Every policymaker should read this book and seek his counsel. -- Safiya Noble, author of Algorithms of OppressionA powerful call to action for all contingents within society to work together as a moral obligation to write our own narrative in the AI revolution and essential reading for all who have a vested interest in the rise of AI. -- Daryl Li * AI & Society *In a way, Pasquale’s impassioned pleas…on behalf of the endangered human world make him a mythic hero. He’s on a quest, fighting lazy thinking and influential tech behemoths…I was inspired by the innovative, richly supported, and poetic descriptions in New Laws of Robotics. Far from being the product of a natural language processing algorithm, this book could have been written only by a creative, passionate, persistent person. Frank Pasquale has done much to raise awareness of how important it is to value expertise, appreciate human abilities, avoid technological arms races, and take responsibility for the technologies humans create. -- Ben Shneiderman * Issues in Science and Technology *In Frank Pasquale’s bold and humane vision of robotics and artificial intelligence, technology transforms our lives for the better. It works with people and for people, instead of imitating or displacing them. It promotes social cooperation rather than ruthless competition. It improves the professions instead of unraveling them. Drawing on examples from health, finance, education, policing, and social media, Pasquale shows how realizing his new laws of robotics will require us to reimagine our economy, our uses of knowledge, and our ways of life. -- Jack M. Balkin, Director, The Information Society Project at Yale Law SchoolFrank Pasquale is not only one of the most prescient legal scholars in the world today, he’s one of the most humane. In this much-needed new book, he lays out a simple and wise framework for governing the coming world of AI and robotics—one that will put technology in service to humanity, rather than the other way around. -- Rana Foroohar, author of Don’t Be EvilCompelling, insightful, and balanced, New Laws of Robotics reveals the difficult choices we face in a time of increased automation. Underscoring the complex incentives and power imbalances in robotics and AI, Frank Pasquale makes a powerful and urgent case for a more democratic and equitable approach to regulating this space. -- Kate Crawford, cofounder of the AI Now Institute at New York UniversityFrank Pasquale provides a much-needed antidote to the ‘disrupt first, ask questions later’ approach that plagues the tech industry. His message is urgently important: automation can benefit society, but only if we plan ahead and apply human, social intelligence to designing the artificial kind. This is a compelling must-read for anyone interested in the future of automation, and should be compulsory for anyone involved in developing, implementing, or regulating that technology. -- Mark Andrejevic, author of Automated MediaPasquale’s New Laws of Robotics presents a hopeful vision of the AI future, predicated on cooperative relations and inclusive prosperity. Engaging, evocative, and filled with new insights, Pasquale’s book is a must read for policymakers. -- Marc Rotenberg, Director, Center for AI and Digital Policy

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Book SynopsisThe research featured in this volume is devoted to understanding the competitive and collaborative challenges that firms face as they manage interactions with different actors in dynamic environments, in what are coming to be referred to as business or innovation 'ecosystems'. Rapid technological change, globalization, and recent financial turbulence have brought us to a point where managers are painfully aware that 'no man [or firm] is an island.' Success in business, in both the profit and non-profit sectors, increasingly relies upon collaboration with upstream suppliers, alliance partners, and downstream complementors. This volume presents new findings of how innovation and value are created in collaborative networks, specifically 'ecosystem analysis' and the unique roles of individual actors within this systemTable of ContentsList of Contributors. Introduction: Collaboration and Competition in Business Ecosystems. Collaborating with Complementors: What Do Firms Do?. Evolving an Open Ecosystem: The Rise and Fall of the Symbian Platform. Building Joint Value: Ecosystem Support for Global Health Innovations. Business Ecosystems’ Evolution — An Ecosystem Clockspeed Perspective. Do Product Architectures Affect Innovation Productivity in Complex Product Ecosystems?. The Organization of Innovation in Ecosystems: Problem Framing, Problem Solving, and Patterns of Coupling. The Emergence and Coordination of Synchrony in Organizational Ecosystems. Open Innovation Norms and Knowledge Transfer in Interfirm Technology Alliances: Evidence from Information Technology, 1980–1999. The Origins and Dynamics of Production Networks in Silicon Valley. Networks and Knowledge: The Beginning and End of the Port Commodity Chain, 1703-1860. Towards a Network Perspective on Organizational Decline. Explaining the Attacker’s Advantage: Technological Paradigms, Organizational Dynamics, and the Value Network. Collaboration and Competition in Business Ecosystems. Advances in Strategic Management. Collaboration and Competition in Business Ecosystems. Copyright page.

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Book SynopsisThe emergence of platforms is a novel phenomenon impacting most industries, from products to services. Industry platforms such as Microsoft Windows or Google, embedded within industrial ecosystems, have redesigned our industrial landscapes, upset the balance of power between firms, fostered innovation and raised new questions on competition and innovation. Annabelle Gawer presents cutting-edge contributions from 24 top international scholars from 19 universities across Europe, the USA and Asia, from the disciplines of strategy, economics, innovation, organization studies and knowledge management. The novel insights assembled in this volume constitute a fundamental step towards an empirically based, nuanced understanding of the nature of platforms and the implications they hold for the evolution of industrial innovation. The book provides an overview of platforms and discusses governance, management, design and knowledge issues.With a multidisciplinary approach, this book will strongly appeal to academics and advanced students in management, innovation, strategy, economics and design. It will also prove an enlightening read for business managers in IT industries.Trade Review'In her pioneering book Platform Leadership (with Michael Cusumano), Gawer gave us the strategy of building coalitions of customers, suppliers, and complementors. Now, she brings together a number of the leading researchers in the area of platform strategy to give us a book that will be a key reference for both practitioners and academics.' -- Adam Brandenburger, New York University, US'Annabelle Gawer's collected volume of research shows that a vibrant community of scholars has arisen around platforms and innovation. Each of the chapters is first rate, with top researchers offering some of their latest work. This will be an indispensable book for students of innovation and technology management everywhere.' -- Henry Chesbrough, University of California, Berkeley, US'Annabelle Gawer's Platforms, Markets and Innovation is the first serious exploration of the critical but subtle role that platforms play in business, society and our personal lives. As digital technologies penetrate every nook and cranny of the world around us, we rely on platforms to both help us use the new technologies, as well as to organize new markets of innovation that add applications on top of the platforms and make them far more valuable. Dr Gawer's excellent book is designed to help us understand the mysterious nature of platforms. It brings together the insights of twenty-four experts around the world who contributed to the fourteen chapters of the book. Dr Gawer's book is invaluable to anyone trying to understand the nuanced nature of platforms, and their implications for the evolution of innovation in the 21st century.' -- Irving Wladawsky-Berger, IBM Academy of Technology, USTable of ContentsContents: 1. Platforms, Markets and Innovation: An Introduction Annabelle Gawer PART I: PLATFORMS: OVERVIEW 2. The Architecture of Platforms: A Unified View Carliss Y. Baldwin and C. Jason Woodard 3. Platform Dynamics and Strategies: From Products to Services Annabelle Gawer 4. The Role of Services in Platform Markets Fernando F. Suarez and Michael A. Cusumano 5. How Catalysts Ignite: The Economics of Platform-Based Start-Ups David S. Evans PART II: PLATFORMS: OPEN, CLOSED AND GOVERNANCE ISSUES 6. Opening Platforms: How, When and Why? Thomas R. Eisenmann, Geoffrey Parker and Marshall Van Alstyne 7. Platform Rules: Multi-Sided Platforms as Regulators Kevin J. Boudreau and Andrei Hagiu 8. Protecting or Diffusing a Technology Platform: Tradeoffs in Appropriability, Network Externalities, and Architectural Control Melissa A. Schilling 9. Open Platform Development and the Commercial Internet Shane Greenstein PART III: PLATFORMS: MANAGEMENT, DESIGN AND KNOWLEDGE ISSUES 10. Outsourcing of Tasks and Outsourcing of Assets: Evidence from Automotive Supplier Parks in Brazil Mari Sako 11. Platforms for the Design of Platforms: Collaborating in the Unknown Pascal Le Masson, Benoit Weil and Armand Hatchuel 12. Design Rules for Platform Leaders Stefano Brusoni and Andrea Prencipe 13. Detecting Errors Early: Management of Problem Solving in Product Platform Projects Ramsin Yakob and Fredrik Tell 14. The Effect of Technological Platforms on the International Division of Labor: A Case Study of Intel’s Platform Business in the PC Industry Hirofumi Tatsumoto, Koichi Ogawa and Takahiro Fujimoto Index

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Book SynopsisThe significant evolution of EU competition law in the last 15 years has been fundamentally influenced by economic theory, and economic aspects of cartel prosecution are increasingly relevant in modern competition practice. EU Cartel Law and Economics is the first book-length assessment of cartels from an integrated law and economics perspective. This perspective allows for a more insightful evaluation of the wide variety of practices at the intersection between collusive restrictions of competition and pro-competitive agreements between firms. It sheds light on the underlying mechanics of cartels, including how to detect anti-competitive conspiracies in the absence of hard evidence. It also provides a more conceptual approach to cartel law, outlining ways in which the current legal structure can be applied more effectively to deter anti-competitive conduct without discouraging pro-competitive forms of cooperation between firms. The book is divided into four parts: the first part proviTrade ReviewThe present book is indeed the first comprehensive study that has been conducted on EU cartel law and economics. It can serve as guidance for scholars, practitioners and competition authorities from both economic and legal backgrounds. The authors succeeded at exploring all the economic and legal aspects of cartel enforcement while emphasizing in their analysis on the main and the most important issues that truly needed reform. Most importantly, they confirmed the fact that economic theory is crucial for the design and enforcement of an effective competition law, including cartel enforcement, which was demonstrated notably by the recommendations and proposals that they have put forward. * Fatma El-Zahraa Adel, Egyptian Competition Authority (Cairo), Concurrences *This book covers a significant amount of ground, doing this very concisely. It engages with EU law and principles of microeconomics and game theory which can illuminate the competition rules. Both of these are complex disciplines. However, in its engagement, the book neither oversimplifies these matters nor does it engage in overly complicated, highly technical discussions (as many economics-oriented works are wont to do). It is eminently readable and should appeal to both lawyers and economists: to the former for its elegant discussion of the economic insights, and to the latter for its clear discussion of the law. * Dr Bruce Wardhaugh, European Competition Law Review *This is the first comprehensive study of the overall impact of economics on cartel enforcement. The book aims to examine the extent to which EU cartel law is consistent with the economics of collusion and identify areas where greater reliance on economics might be desirable ... The authors also explain the answers to a number of key questions. Why do firms form cartels? Are cartels necessarily a bad thing? What is the social cost of cartels? This book, which is written in a clear, non-technical style, makes the theory, law and practice of cartel enforcement accessible to readers from both economic and legal backgrounds. * Kevin McVeigh, Elliott Duffy Garrett , The Law Gazette *Table of ContentsIntroduction 1: A Primer on Cartels 2: The Regulatory and Institutional Framework of EU Cartel Law 3: Cartel Detection 4: Cartel Prosecution 5: Civil Damages

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Book SynopsisWhat is business for? Day one of a business course will tell you: it is to maximise shareholder profit. This single idea pervades all our thinking and teaching about business around the world but it is fundamentally wrong, Colin Mayer argues. It has had disastrous and damaging consequences for our economies, environment, politics, and societies. In this urgent call for reform, Prosperity challenges the fundamentals of business thinking. It sets out a comprehensive new agenda for establishing the corporation as a unique and powerful force for promoting economic and social wellbeing in its fullest sense - for customers and communities, today and in the future.First Professor and former Dean of the Säid Business School in Oxford, Mayer is a leading figure in the global discussion about the purpose and role of the corporation. In Prosperity, he presents a radical and carefully considered prescription for corporations, their ownership, governance, finance, and regulation. Drawing together insights from business, law, economics, science, philosophy, and history, he shows how the corporation can realize its full potential to contribute to economic and social wellbeing of the many, not just the few.Prosperity tells us not only how to create and run successful businesses but also how policy can get us there and fix our broken system.Trade ReviewReview from previous edition "Mayer of the Saïd Business School at Oxford is one of the world's foremost critics of the idea that the aim of companies is to maximise shareholder value. This, he argues cogently, represents a betrayal of one of humanity's most extraordinary inventions." * Martin Wolf, Books of the Year 2018, The Financial Times *The book is far more than a manifesto for change ... Mayer's book performs a great service. * Richard Bronk, the Society of Professional Economists, Reading Room (open access) *"A powerful reply to the steadily increasing criticism of free market business... So far, the defenders of capitalism have failed to find a convincing voice or to offer any significant ways to improve how business is perceived. Now Colin Mayer provides answers and a coherent manifesto for change." * Peter Chadwick, IEDP Book Reviews *"A wonderful manifesto for change and essential reading for any who remain to be convinced that business can - and should - be a force for a societal good. One of the most insightful and comprehensive accounts yet of how - and why - the corporation needs to change if it is to meet the needs and expectations of a new era. Thoughtful and well-argued, Mayer has done the cause of enlightened capitalism great service." * Paul Polman, CEO, Unilever *Table of ContentsPart I: Principles 1: Purpose 2: Values Part II: Provenance 3: Evolution 4: Ownership Part III: Practice 5: Governance 6: Performance Part IV: Policy 7: Law 8: Regulation Part V: Partnership 9: Finance 10: Investment

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Book SynopsisThis book revisits the history of industry and industrial and economic policy in independent Ireland from the birth of the state to the eve of EEC accession. Though there were several manufacturing employers of significance, and smaller firms in operation in almost every major branch of industry, the Irish Free State was predominantly agricultural at its establishment in 1922. Industrial development was high on the nationalist agenda, as would be the case across the entire developing world in the later post-colonial era. Despite decades of protection, and a substantial increase in the size of the manufacturing sector, Ireland remained under-industrialised when it joined the European Economic Community in 1973. Over the previous decade and a half however the foundations of later convergence had been laid. Ireland was an early adopter of what would come to be known as dual-track reform. The policy of attracting outward-oriented foreign direct investment was initiated before substantial tTable of Contents1: Vantage Point, 1972 2: The Pre-1922 Southern Business Establishment and its Legacy 3: Firms of Note in 1922 4: The Irish Free State of the 1920s 5: From the Great Depression to the End of the Emergency 6: The Post-War World and Dual-Track Reform 7: Trade Liberalisation and the Road to Europe 8: The Industrial Landscape of 1972 and Beyond 9: Epilogue

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Book SynopsisThis handbook brings together contributions from the top researchers in the economics of food consumption and policy. Designed as a comprehensive guide to academics and graduate students, it discusses theory and methods, policy, and current topics and applications.Table of ContentsPART I: THEORY AND METHODS; PART II: FOOD POLICY; PART III: TOPICS AND APPLICATIONS

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Book SynopsisExamines a variety of important trends related to labor in the new economy, including inequality of earnings and other forms of compensation, job security, employer reliance on temporary and contract workers, hours of work, and workplace safety and health. This book also addresses a host of measurement issues.

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Book SynopsisWhile the importance of innovation to economic development is widely understood, the conditions conducive to it remain the focus of much attention. This title offers contributions to fundamental questions relating to the economics of innovation and technological change.

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Book SynopsisThe National Industrial Recovery Act (NIRA) was enacted by Congress in June of 1933 to assist the nation's recovery during the Great Depression. Its passage ushered in a unique experiment in US economic history: under the NIRA, the federal government explicitly supported, and in some cases enforced, alliances within industries. Antitrust laws were suspended, and companies were required to agree upon industry-level codes of fair competition that regulated wages and hours and could implement anti-competitive provisions such as those fixing prices, establishing production quotas, and imposing restrictions on new productive capacity. The NIRA is generally viewed as a monolithic program, its dramatic and sweeping effects best measurable through a macroeconomic lens. In this pioneering book, however, Jason E. Taylor examines the act instead using microeconomic tools, probing the uneven implementation of the act's codes and the radical heterogeneity of its impact across industries and time

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Book SynopsisAs sales of fair-trade goods explode across the globe, Fair Trade and the Citizen-Consumer provides a timely analysis of the organizations, institutions and grassroots networks behind this growing movement.Trade Review'Katy Wheeler offers a thorough and judicious evaluation of the Fairtrade movement and, thereby, a significant contribution to understanding the political potential of ethical consumption.' - Alan Warde, Professor Sociology, University of Manchester, UK "A thouroughly engaging read ... this book is an accessible and thought-provoking offering that works to engage critically with fair trade rather than merely celebrate it. [The book] offers a critical and timely intervention, drawing attention to the lived realities of fair-trade consumption, and provides a useful platform to inform and stimulate further debate and research." - Cultural SociologyTable of ContentsIntroduction: The Rise of the Fair-Trade Citizen-Consumer Constructing the Citizen-Consumer The International Fair-Trade Consumer Movement Promoting Fair-Trade The Practice of Fair-Trade Support The Normalisation and Exclusivity of Fair-Trade Consumption The Politics of Fair-Trade Consumption Conclusion: The Ideology of the Citizen-Consumer Appendix: The National Omnibus Survey Questions (Module 236) Bibliography

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Book SynopsisA review of the theoretical research on unlawful collusion, focusing on the impact and optimal design of competition law and enforcement.Collusion occurs when firms in a market coordinate their behavior for the purpose of producing a supracompetitive outcome. The literature on the theory of collusion is deep and broad but most of that work does not take account of the possible illegality of collusion. Recently, there has been a growing body of research that explicitly focuses on collusion that runs afoul of competition law and thereby makes firms potentially liable for penalties. This book, by an expert on the subject, reviews the theoretical research on unlawful collusion, with a focus on two issues: the impact of competition law and enforcement on whether, how long, and how much firms collude; and the optimal design of competition law and enforcement.The book begins by discussing general issues that arise when models of collusion take into account competition law and

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Book SynopsisA thoroughly revised and updated edition of the leading textbook on government and business policy, presenting the key principles underlying sound regulatory and antitrust policy.Regulation and antitrust are key elements of government policy. This new edition of the leading textbook on government and business policy explains how the latest theoretical and empirical economic tools can be employed to analyze pressing regulatory and antitrust issues. The book departs from the common emphasis on institutions, focusing instead on the relevant underlying economic issues, using state-of-the-art analysis to assess the appropriate design of regulatory and antitrust policy. Extensive case studies illustrate fundamental principles and provide insight on key issues in regulation and antitrust policy. This fifth edition has been thoroughly revised and updated, reflecting both the latest developments in economic analysis and recent economic events. The text examines regulatory pract

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Book SynopsisHow logistics clusters can create jobs while providing companies with competitive advantage.Why is Memphis home to hundreds of motor carrier terminals and distribution centers? Why does the tiny island-nation of Singapore handle a fifth of the world's maritime containers and half the world's annual supply of crude oil? Which jobs can replace lost manufacturing jobs in advanced economies?Some of the answers to these questions are rooted in the phenomenon of logistics clusters—geographically concentrated sets of logistics-related business activities. In this book, supply chain management expert Yossi Sheffi explains why Memphis, Singapore, Chicago, Rotterdam, Los Angeles, and scores of other locations have been successful in developing such clusters while others have not. Sheffi outlines the characteristic “positive feedback loop” of logistics clusters development and what differentiates them from other industrial clusters; how logistics clusters

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Book SynopsisThis book examines the internal and external implications of Israel’s natural gas discoveries in the Eastern Mediterranean. The author traces a consummate picture of history, politics, and conflicts that shape the economics of energy in Israel and its future trajectories. Trade Review"Through an empirically rich and analytically sophisticated book about the emerging natural gas sector in Israel, Sujata Ashwarya makes an important contribution to the study of the challenges faced by Israel in formulating a comprehensive policy on its newly found natural gas resource, and the trials and tribulations of establishing partnerships for export of gas in the Mediterranean region." —Özden Oktav, Mediniyat University, Istanbul"Initially lacking natural resources of its own, Israel has recently become a major gas producer, with ensuing dilemmas for its leaders and citizens. In this insightful and timely book, Sujata Ashwarya vividly presents Israel’s gas discoveries and the domestic and external challenges arising from them." —Oren Barak, The Hebrew University of Jerusalem, Israel"This book is a must read book. Sujata Ashwarya, a well-established scholar, examines the economic, political and environmental issues of energy between Israel and its neighbours. The volume makes significant contribution to both the academic literature and the political debate." —Gawdat Bahgat, National Defense University, Washington, DC"Through an empirically rich and analytically sophisticated book about the emerging natural gas sector in Israel, Sujata Ashwarya makes an important contribution to the study of the challenges faced by Israel in formulating a comprehensive policy on its newly found natural gas resource, and the trials and tribulations of establishing partnerships for export of gas in the Mediterranean region." —Özden Oktav, Mediniyat University, Istanbul"Initially lacking natural resources of its own, Israel has recently become a major gas producer, with ensuing dilemmas for its leaders and citizens. In this insightful and timely book, Sujata Ashwarya vividly presents Israel’s gas discoveries and the domestic and external challenges arising from them." —Oren Barak, The Hebrew University of Jerusalem, Israel"This is a must-read book. Sujata Ashwarya, a well-established scholar, examines the economic, political and environmental issues of energy between Israel and its neighbours. The volume makes a significant contribution to both the academic literature and the political debate." —Gawdat Bahgat, National Defense University, Washington, DCTable of ContentsIntroduction 1 Israel’s energy sector: features, policies, and challenges 2 Israel’s natural gas discoveries: evolution of the regulatory framework for resource governance 3 Economic implications for Israel: prospects for development of new gas-based sectors 4 Strategic implications for the Mediterranean region: the changing political-economic scenario and Israeli gas exports Conclusions Glossary Bibliography Index

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Book SynopsisPaper and the British Empire examines the evolution of the paper industry within British organisational frameworks and highlights the role of the Empire as a market and business-making area in a world of shrinking commerce and rising trade barriers.Drawing on a valuable range of primary sources, this book covers the period 18611960 and examines events from the establishment of free trade backed by the gold standard to Britain's membership of the European Free Trade Association. In the field of the paper industry, the speed and intensity of the industrialisation process around the globe have been shaped by a wide variety of variables, including the surrounding institutional framework; entrepreneurial and organisational strategies; the cost and accessibility of transport; and the availability of capital, knowledge, energy resources, and technology. The supply of papermaking raw materials has also been key and has historically been the most important determinant for geoTable of Contents1. Introduction 2. The Political Economy of Raw Materials in the Global Paper Industry 1861–1960 3. The Esparto Grass Trade 4. The Pursuit of Wood Pulp 5. Bamboo for Papermaking 6. The Paper Trade and the British Empire 7. A Retrospective View of the British Paper Industry 8. Conclusions

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Book SynopsisReal Estate Analysis: A Toolkit for Property Analysts presents economic and financial models, applications and insights, packaged as a toolkit for analysts and other participants in commercial and residential real estate markets.Participants in property markets analysts, brokers, commentators as well as investors and tenants move seamlessly across a range of physical and financial markets. They employ models that illuminate market activity: the tools of supply and demand to explain rental trends and to forecast vacancy rates and construction cycles; forecasts of macro-economists foreshadow shoppers' spending behaviour in shopping malls and the growth in demand for office space; capital market arithmetic to apply discount and capitalisation rates. Currently these topics are often scattered through textbooks. This book brings these tools together and situates them in a real estate market context.Topics addressed include:The interaction of markets Table of ContentsForeword Chapter 1 – Space, Time and Assets: The three markets that drive real estate Chapter 2 - Inside the Chrystal Ball: What is forecasting for? Chapter 3 - Debt, Equity and the Cost of Capital: Can debt add value and enhance investment returns? Chapter 4 - The Real Estate Quadrant Model: Finding value in the capital stack Chapter 5 - Discounted Cash Flow Analysis - Inside the Engine Room: Getting the metrics right Chapter 6 - Real Options and the Price of Choice: Decisions…decisions: trick or treat? Chapter 7 - How property rights regulate outcomes: Change the rules, change the game Chapter 8 - When Property Rights Fail - Compensation and Rent Seeking: Getting to "Fair Value" Chapter 9 - When Property Rights Fail – Externalities: Good fences make good neighbours Chapter 10 - Natural Resources: Old Problems, Changing Rules: Confronting the "surly bonds of Earth" Chapter 11 - Investment Portfolios - Where Does Real Estate Fit In?: Putting it all together

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Book SynopsisThis book provides a comprehensive guide to the economics of airports for all managers, regulators and educators within the aviation industry. Written by three renowned experts but made accessible and relevant for all those working within the industry, or aspiring to do so, it is the perfect entry point for learning about the underlying economics of airports as a crucial component of the air transport system. It explains the cost structures of airports and then relates these to how airports determine their charges.It explains how charges at different airports vary, whether this is due to different types of traffic, different input prices, ways of producing outputs or different levels of efficiency. Most airports are publicly owned or regulated, and there has been a trend towards privatisation. The book explains how airports have been regulated and assesses how well the regulatory structures have performed; it discusses the trend towards light-handed regulation and the Trade Review"One of the key strengths of the book is in discussing how recognised economic theory relates to airports but at the same time balancing debates about major issues that are particularly relevant to the airport industry today. These include long-term traffic forecasting accuracy, slot allocation, incentives for investment, interactions between aeronautical and non-aeronautical areas and the choice of till, performance measurement challenges, decarbonisation strategies, economic impact measurement and the effect of COVID-19. A novel approach is the identification of a major controversy in each chapter which is examined through discussions of the relevant issues. The book also has case studies and numerous examples which illustrate and support many of the arguments that are developed in the book by linking theory and practice.The book will be of interest to practitioners working in the airport industry but also to other air transport sectors, especially airlines. Its insights will be invaluable for informing regulation and government policy. Moreover, it will be ideal for academics, researchers and students by providing in-depth coverage of key airport economic issues in one accessible text."Anne Graham, Westminster University, UK"Airport Economics is a must read for the beginner and for the expert. The former will find a scholarly, yet highly readable presentation not only of 'traditional' topics, such as airport demand, costs and pricing, but also of more 'contemporary' ones, such as airport ownership, efficiency, regulation and environmental and social impacts. And the expert will appreciate the comprehensive and thoughtful critical reviews of the numerous related issues and solution approaches provided by Professors Forsyth, Guiomard and Niemeier. Features that this reader particularly enjoyed include: a plethora of insightful real-world examples; the book’s decidedly international perspective; the brief case studies that are interspersed throughout the text; and, best of all, the 'controversies' that are introduced at the end of each chapter – e.g., 'are private, lightly regulated airports ripping off airlines and passengers?' – that motivate the reader to re-consider and synthesize the points that the chapter discussed."Amedeo Odoni, T. Wilson Chair Professor Emeritus, MIT"Air transport is distinguished, not just by providing rapid connections between cities, but also by the sheer scale of distortions in many of its markets. The pricing of airport services developed largely on cost recovery and cross-subsidy, with landing fees often determined by how much shopping takes place at the airport, exacerbating demand for scarce landing slots. Environmental externalities are not remotely paid for. Capacity expansion is no better than pricing. It is 55 years since the Roskill Commission issued their thoughtful and pioneering report on London’s airport capacity needs. They were ignored. Poor government decision making on airports has so often resulted from adversarial politics, the tyranny of the minority, concern for newspaper headlines and, most importantly, bogus quantification that provides endless numbers but no insight. This much needed book on the economics of airports is full of insights. It should be essential reading for all those in government, regulators and the industry concerned to make rational decisions about the future development of an industry that plays such an important role in connecting cities at home and around the world."Brian Pearce, Former Chief Economist, IATATable of Contents1 An Introduction to Airport Economics, Part 1 Demand, Costs and Pricing, 2 Location, Demand and Forecasting, 3 Costs and Market Structure, 4 Pricing and Capacity Allocation, Part 2: Ownership, Regulation and Efficiency, 5 Ownership, Finance and Investment, 6 Airport Regulation and Competition, 7 Airport Performance: Efficiency and Quality, Part 3 Environment and Impacts, 8 Airports and the Environment, 9 Economic Impacts, Policy and COVID, 10 Summary and Conclusions

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Book SynopsisThis book provides a comprehensive guide to the economics of airports for all managers, regulators and educators within the aviation industry. Written by three renowned experts but made accessible and relevant for all those working within the industry, or aspiring to do so, it is the perfect entry point for learning about the underlying economics of airports as a crucial component of the air transport system. It explains the cost structures of airports and then relates these to how airports determine their charges.It explains how charges at different airports vary, whether this is due to different types of traffic, different input prices, ways of producing outputs or different levels of efficiency. Most airports are publicly owned or regulated, and there has been a trend towards privatisation. The book explains how airports have been regulated and assesses how well the regulatory structures have performed; it discusses the trend towards light-handed regulation and the Trade Review"One of the key strengths of the book is in discussing how recognised economic theory relates to airports but at the same time balancing debates about major issues that are particularly relevant to the airport industry today. These include long-term traffic forecasting accuracy, slot allocation, incentives for investment, interactions between aeronautical and non-aeronautical areas and the choice of till, performance measurement challenges, decarbonisation strategies, economic impact measurement and the effect of COVID-19. A novel approach is the identification of a major controversy in each chapter which is examined through discussions of the relevant issues. The book also has case studies and numerous examples which illustrate and support many of the arguments that are developed in the book by linking theory and practice.The book will be of interest to practitioners working in the airport industry but also to other air transport sectors, especially airlines. Its insights will be invaluable for informing regulation and government policy. Moreover, it will be ideal for academics, researchers and students by providing in-depth coverage of key airport economic issues in one accessible text."Anne Graham, Westminster University, UK"Airport Economics is a must read for the beginner and for the expert. The former will find a scholarly, yet highly readable presentation not only of 'traditional' topics, such as airport demand, costs and pricing, but also of more 'contemporary' ones, such as airport ownership, efficiency, regulation and environmental and social impacts. And the expert will appreciate the comprehensive and thoughtful critical reviews of the numerous related issues and solution approaches provided by Professors Forsyth, Guiomard and Niemeier. Features that this reader particularly enjoyed include: a plethora of insightful real-world examples; the book’s decidedly international perspective; the brief case studies that are interspersed throughout the text; and, best of all, the 'controversies' that are introduced at the end of each chapter – e.g., 'are private, lightly regulated airports ripping off airlines and passengers?' – that motivate the reader to re-consider and synthesize the points that the chapter discussed."Amedeo Odoni, T. Wilson Chair Professor Emeritus, MIT"Air transport is distinguished, not just by providing rapid connections between cities, but also by the sheer scale of distortions in many of its markets. The pricing of airport services developed largely on cost recovery and cross-subsidy, with landing fees often determined by how much shopping takes place at the airport, exacerbating demand for scarce landing slots. Environmental externalities are not remotely paid for. Capacity expansion is no better than pricing. It is 55 years since the Roskill Commission issued their thoughtful and pioneering report on London’s airport capacity needs. They were ignored. Poor government decision making on airports has so often resulted from adversarial politics, the tyranny of the minority, concern for newspaper headlines and, most importantly, bogus quantification that provides endless numbers but no insight. This much needed book on the economics of airports is full of insights. It should be essential reading for all those in government, regulators and the industry concerned to make rational decisions about the future development of an industry that plays such an important role in connecting cities at home and around the world."Brian Pearce, Former Chief Economist, IATATable of Contents1 An Introduction to Airport Economics, Part 1 Demand, Costs and Pricing, 2 Location, Demand and Forecasting, 3 Costs and Market Structure, 4 Pricing and Capacity Allocation, Part 2: Ownership, Regulation and Efficiency, 5 Ownership, Finance and Investment, 6 Airport Regulation and Competition, 7 Airport Performance: Efficiency and Quality, Part 3 Environment and Impacts, 8 Airports and the Environment, 9 Economic Impacts, Policy and COVID, 10 Summary and Conclusions

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Book SynopsisIn contemporary global capitalism, the most powerful corporations are innovation or intellectual monopolies. The book's unique perspective focuses on how private ownership and control of knowledge and data have become a major source of rent and power. The author explains how at the one pole, these corporations concentrate income, property and power in the United States, China, and in a handful of intellectual monopolies, particularly from digital and pharmaceutical industries, while at the other pole developing countries are left further behind.The book includes detailed empirical mappings of how intellectual monopolies develop and transform knowledge from universities and open-source collaborations into intangible assets. The result is a strategy that combines undermining the commons through privatization with harvesting from the same commons. The book ends with provoking reflections to tilt the scale against intellectual monopoly capitalism and arguing that desired cTrade Review"This book is important reading for scholars and policy makers. It captures the contours of an emerging new era where global monopoly power increasingly is based on knowledge assets and access to data. It includes detailed empirical mappings of how digital intellectual monopolies, primarily located in the US and China, develop and transform knowledge from universities and open source collaborations into intangible assets. It shows how intellectual monopoly capitalism reinforces global inequality. The book raises important issues in relation to current views on intellectual property, anti-trust policy and development strategies." — Bengt-Åke Lundvall, Emeritus Professor, Aalborg University and Lund University. "Capitalism, Power and Innovation is a must read for scholars, policy makers, and activists who would like to understand the developing forms of intellectual monopoly capitalism. The volume brings together theoretical analyses, empirical research, and case studies and presents the reader with new insights on the rise of intellectual monopolies in sectors such as technology and pharmaceuticals; the interplays of the US and China through their intellectual monopolies; and the impact of intellectual monopoly capitalism on developing economies. As such, it not only provides an elaboration of the emergence and the rise of the intellectual monopolies but also untangles the effects of intellectual monopoly capitalism at various levels. The contributions in this volume are also an excellent starting point for researchers delving into the question of how science and technology is being transformed by powerful interests in modern capitalism." Prof. Özgür Orhangazi, Kadir Has University."Knowledge and innovation can be the basis of development. Much of today's innovation occurs in transnational innovation networks. This book asserts that these networks are organized through power relations and are increasingly dominated by intellectual monopolies. Unfortunately, the developing countries participating in these networks are not approaching the borders or advancing on the path of development. Cecilia Rikap contributes new evidence and looks through different lenses at the relationship between knowledge, innovation networks and power. She analyses how intellectual income is captured, what are the channels for that and who captures it. On this basis, she proposes specific policies to allow developing countries to benefit more from the knowledge created even in these countries, and to avoid an extractivism of pure knowledge from the periphery to the centre. Thank you for this effort, which nurtures the discussion to have a better and less unequal world." — Gabriela Dutrénit, Distinguished Professor at the Autonomous Metropolitan University and coordinator of the Latin American Network on Learning, Innovation and Competence building (LALICS)."In a time when intangible assets have become a critical factor of value creation and economic growth, our understanding of capitalism and its implications needs ground-breaking thinking. Cecilia Rikap’s book on Capitalism, Power and Innovation presents frontier research on the nature and formation of intellectual monopoly capitalism and its impact of the peripheries. It is a must read for scholars and policy makers." — Prof. Xiaolan Fu, Technology and Management Centre for Development, Department of International Development, University of Oxford "Capitalism, Power and Innovation gives us the right tools to understand how a digitalisation driven by an interplay between the US GAFA (Google, Apple, Facebook and Amazon) and the likes from China can deeply constrain countries development and the fate of workers around the world. This roadmap is thus very welcome." — Prof. Pascal Petit, Emeritus Research Director at the CNRS.Table of Contents1 Introduction Section 1. Intellectual Monopoly Capitalism 2 The emergence of Intellectual Monopoly Capitalism 3 Knowledge privatization and power relations in the knowledge commons 4 The interplays of US, China and their intellectual monopolies 5 Research universities: between subordination and intellectual monopoly.Section 2. Global intellectual monopolies. Illustrative cases. 6 Technological cooperation and competition among big pharmaceuticals 7 Apple: from legal towards data-driven intellectual rentiership 8 Amazon’s data-driven intellectual monopoly 9 State Grid Corp: an intellectual monopoly relying on China's innovation system 10 Rentiership, predation, and their implications for workers. Section 3. Effects of intellectual monopoly capitalism on the peripheries 11 Why we need new development policies under intellectual monopoly capitalism 12 Singapore’s innovation hub. A source of rents for intellectual monopolies. 13 Pharmaceutical knowledge extractivism from a semi-peripheral university. 14 Tilting the scale against intellectual monopoly capitalism

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Book SynopsisShipping flows â maritime âfootprintsâ â remain underexplored in the existing literature despite the crucial importance of freight transport for global trade and economic development. Additionally, decision-makers lack a comprehensive view on how shipping flows can be measured, analyzed, and mapped in order to support their policies and strategies. This interdisciplinary volume, drawing on an international cast-list of experts, explores a number of crucial issues in shipping data estimation, construction, collection, mining, analysis, visualization, and mapping. Advances in Shipping Data Analysis and Modeling delivers several key messages. First, that in a world of just-in-time delivery and rapid freight transit, it is important to bear in mind the long-term roots of current trends as well as foreseeable future developments because shipping patterns exhibit recurrent, if not cyclical and path-dependent, dynamics. Second, shipping flows are currently often understood at the miTable of ContentsForewordCHAPTER 1Introduction: taking the pulse of world trade and movementCésar DUCRUETPart 1: Connectivity analysesCHAPTER 2Winds and maritime linkages in Ancient GreeceRay RIVERS, Tim EVANS and Carl KNAPPETTCHAPTER 3Reconstituting the maritime routes of the Roman EmpirePascal ARNAUDCHAPTER 4Ship logbooks help to understand climate variabilityRicardo GARCÍA-HERRERA, David GALLEGO, David BARRIOPEDRO and Javier MELLADOCHAPTER 5Complex network analysis of cross-strait container flowsLie-Hui WANG, Yan HONG, and Yushan LINCHAPTER 6Liner shipping forelands of Portugal’s main portsTiago A. SANTOS and Carlos GUEDES SOARESCHAPTER 7The complex network of coastal shipping in BrazilCarlos César RIBEIRO SANTOS, Marcelo DO VALE CUNHA, Hernane Borges DE BARROS PEREIRACHAPTER 8Intra vs. extra-regional connectivity of the Black Sea port systemKateryna GRUCHEVSKA, Theo NOTTEBOOM, and César DUCRUETCHAPTER 9Maritime connections and disconnections in a changing ArcticMia BENNETTPart 2: Geospatial analysesCHAPTER 10GIS-based analysis of US international seaborne trade flowsGuoqiang SHENCHAPTER 11Vessel tracking data usage to map Mediterranean flowsAlfredo ALESSANDRINI, Virginia FERNANDEZ ARGUEDAS, Michele VESPECHAPTER 12Geovisualizing the sail-to-steam transition through vessel movement dataMattia BUNEL, Françoise BAHOKEN, Cé

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Book SynopsisFirms have for a long time been part of the explanatory set-up of economics. However, it is only recently that economists have felt the need for an economic theory addressing:* why firms are different* why firms exist* what determines their boundaries relative to 'the market'* what determines their internal organization.This collection documents the rise of the modern theory of the firm during the last two to three decades. It reprints classic writings from a diversity of perspectives, including not only contractual theories of the firm, but also knowledge-based theories and theories of the firm as an information processor. In addition, the collection features perspectives from business strategy and business history as well as methodological and doctrinal historical perspectives.

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Book SynopsisWhy have modern corporations grown to such unprecedented sizes? This volume explores this crucial question, emphasising the roles of diversification and mergers.Table of ContentsIntroduction; Chapter 1 Entrepreneurial Capitalism; Chapter 2 Managerial Capitalism; Chapter 3 Beyond Managerial Capitalism;

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Book SynopsisWhat are the determinants of company performance? This book explores this question, providing a balanced assessment of new and old approaches to industrial organization.Table of ContentsIntroduction to the Series; Part 1 Market Structure and Performance — The Empirical Research, J.S. Cubbin; Chapter 1 Bain's Methodology; Chapter 2 The Theoretical Background; Chapter 3 Theoretical Concepts Versus Empirical Constructs; Chapter 4 Econometric Problems; Chapter 5 The Determinants of Market Structure; Chapter 6 The Mainstream Tradition — Empirical Results; Chapter 7 Concentration, Wages and Unionization; Chapter 8 Market Structure and Performance ? The Key Issues; Chapter 9 The Persistence of Market Power and Profitability; Chapter 10 Summary and Conclusions;

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Book SynopsisThe global financial and economic crisis starting in 2007 has provoked the exploration of alternatives to neo-liberalism. Although neo-liberalism has been critiqued from various perspectives, these critiques have not coalesced into a concrete alternative in development economics literature. The main objective of this book is to name and formulate this alternative, identify what is new about this viewpoint, and project it on to the academic landscape. This book includes contributions from many prominent development economists who are unified by a form of developmental pragmatism. Their concern is with the problems of development that preoccupied the pioneers of economic development in the mid-twentieth century, known as the developmentalists. Like the developmentalists, the contributors to Towards New Developmentalism are policy-oriented and supportive of institutional development and engagement with economic globalization. This collection has an over-arching concern with promoting social justice, and holds the general view of the market as the means to affecting an alternative program of development rather than as a master whose dictates are to be obeyed without question.This important collection sets the agenda for new developmentalism, drawing on issues such as industrial policy, technology, competition, growth and poverty. In broad terms, the economic development debate is cast in terms of whether the market is the master, an ideological neo-liberal perspective, or the means to affect change as suggested by the pragmatic perspective that is being termed neo-developmentalism. This book will be valuable reading to postgraduates and researchers specialising in the area of development studies including within economics, international relations, political science and sociology.Table of ContentsPart 1: Introduction 1. Exploring and naming an economic development alternative Shahrukh Rafi Khan Part 2: Conceptual issues and a new developmentalist agenda 2. The market as means rather than master: The crisis of development and the future role of the state Robert Wade 3. Hamlet without the Prince of Denmark: How development has disappeared from today’s ‘development’ discourse Ha-Joon Chang 4. The economics of failed, failing, and fragile states: productive structure as the missing link Erik S. Reinert, Yves Ekoué Amaïzo, and Rainer Kattel Part 3: Neo-liberal constraints on the policy agenda 5. The pernicious legacy of the rent-seeking paradigm Helen Shapiro 6. Cementing neo-liberalism in the developing world: Ideational and institutional constraints on policy space Ilene Grabel 7. Domestic resource mobilization for a new-developmentalist strategy in the age of globalization: The fiscal space dilemma in Latin America Luis Abugattas and Eva Paus 8. Investment treaties as a constraining framework Gus Van HartenPart 4: Case studies in pro-active government 9. Government reform and industrial development in China and Mexico Kevin P. Gallagher and M. Shafaeddin 10. Growth and development in Africa: Challenges and opportunities Leonce NdikumanaPart 5: Conclusion: moving to alternatives 11. Climate-resilient industrial development paths: design principles and alternative models Lyuba Zarsky 12. Towards new developmentalism: context, program and constraints Shahrukh Rafi Khan

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Book SynopsisIn this book, Phelps and Parente explore the US health care system and set out the case for its reform. They trace the foundations of todayâs system, and show how distortions in the incentives facing participants in the health care market could be corrected in order to achieve lower costs, a higher quality of care, a higher level of patient safety, and a more efficient allocation of health care resources. Phelps and Parente propose novel yet economically robust changes to US tax law affecting health insurance coverage and related issues. They also discuss a series of specific improvements to Medicare and Medicaid, and assess potential innovations that affect all of health care, including chronic disease management, fraud and abuse detection, information technology, and other key issues.The Economics of US Health Care Policy will be illuminating reading for anyone with an interest in health policy, and will be a valuable supplementary text for courses in health economicTable of ContentsPART 1: THE MARKET FOR PRIVATE HEALTH INSURANCE Chapter 1: The Pivotal Role of Employer-Paid Health Insurance Chapter 2: An Alternate Universe: Life Without the Tax Subsidy Chapter 3: How To Get There From Here and Also Grow the Economy Chapter 4: Who Might Support or Oppose Our Proposal? Chapter 5: What Else Needs Fixing?Chapter 6: Pre-Existing Conditions and the Individual Mandate PART II – MEDICARE AND MEDICAID Chapter 7: Understanding Medicare and Medicaid Chapter 8: Rationalizing Medicare and Medicaid Chapter 9: Further Discussion of Our Medicare and Medicaid Proposals PART III – THINGS THAT AFFECT EVERYBODYChapter 10: Chronic Conditions Chapter 11: Bringing Health Care Waste, Fraud, and Abuse Technology into the 21st CenturyChapter 12: Towards a Functional Electronic Health Record—Soon Chapter 13: Maximizing the Promise of Accountable Care Organizations Chapter 14: Getting Rid of Overstated Medical Bills Chapter 15: Concluding Comments

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Book SynopsisFirst published in 1985, this study is a comparative examination of industrialisation and industrial policy from the early 1960s to the early 1980s in the five original member countries of the Association of South-East Asian Nations (ASEAN): namely Indonesia, Malaysia, the Philippines, Singapore and Thailand.The work provides an integrated overview of industrial policies and performance in the five countries and forms essential reading for both those with a specialist interest in the ASEAN countries and their economic performance, and for students of industrialisation in developing countries the world over.Table of Contents1. Introduction 2. The Export Drive: An Overview 3. Protection and Market Penetration 4. Government Regulation and Industrialisation 5. Industrialisation and Structural Change 6. Manufactured Exports: Performance and Shifts in Comparative Advantage 7. Conclusion and Future Prospects

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Book SynopsisA collection of original research papers by a number of industrial organization economists active in the field of Research and Development theory and policy. It covers patent policy, the effects of market structure and the internal organization of the firm on R&D incentives and technical progress, and R&D cooperation and technological spillovers.Table of ContentsChapter 1 Rent Dissipation in R&D Races. Chapter 2 Innovation, Duplication, and the Contract Theory of Patents. Chapter 3 On Patent Licensing. Chapter 4 Spillovers, Stable R&D Cooperations, and Social Welfare. Chapter 5 Strategic R&D with Uncertainty. Chapter 6 Coopting “Decisive” Technical Advances. Chapter 7 Efficiency of Joint Enterprises with Internal Bargaining. Chapter 8 Equilibrium Research Joint Ventures. Chapter 9 Product and Process Innovation in Differential Games with Managerial Firms. Chapter 10 Delegation in an R&D Game with Spillovers. List of Contributors. The Editors' Preface. Contents. Subject Index. Volume Editors. Volume Editors. Copyright page.

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Book SynopsisThe most up-to-date guide on making the right capital restructuring moves The Art of Capital Restructuring provides a fresh look at the current state of mergers, acquisitions, and corporate restructuring around the world. The dynamic nature of M&As requires an evolving understanding of the field, and this book considers several different forms of physical restructuring such as divestitures as well as financial restructuring, which refers to alterations in the capital structure of the firm. The Art of Capital Restructuring not only explains the financial aspects of these transactions but also examines legal, regulatory, tax, ethical, social, and behavioral considerations. In addition to this timely information, coverage also includes discussion of basic concepts, motives, strategies, and techniques as well as their application to increasingly complex, real-world situations. Emphasizes best practices that lead to M&A success Contains iTable of ContentsAcknowledgments ix 1 Mergers, Acquisitions, and Corporate Restructuring: An Overview 1 H. Kent Baker and Halil Kiymaz Part I Background 2 Merger Waves 17 Jarrad Harford 3 Takeover Regulation 39 Marina Martynova and Luc Renneboog 4 Corporate Governance and M&As 57 Fei Xie 5 Ethical and Social Issues in M&As 71 Robert W. McGee 6 Theoretical Issues on Mergers, Acquisitions, and Divestitures 87 Abdul H. Rahman 7 The Short-Term and Long-Term Performance of M&As 105 Shantanu Dutta and Samir Saadi Part II Valuation 8 Standard Valuation Methods for M&As 127 Pablo Fernandez 9 Real Options and Their Impact on M&As 151 Hemantha Herath and John S. Jahera Jr. 10 The Law and Finance of Control Premiums and Minority Discounts 169 Helen Bowers 11 Cross-Border Valuation Effects in Developed and Emerging Markets 185 Wenjie Chen Part III the M&A Deal Process 12 Sources of Financing and Means of Payment in M&As 205 Marina Martynova and Luc Renneboog 13 Cultural Due Diligence 223 Ronald F. Piccolo and Mary Bardes 14 Negotiation Process, Bargaining Area, and Contingent Payments 243 William A. Grimm 15 Merger Negotiations: Takeover Process, Selling Procedure, and Deal Initiation 261 Nihat Aktas and Eric de Bodt 16 Postacquisition Planning and Integration 281 Olimpia Meglio and Arturo Capasso 17 Organizational and Human Resource Issues in M&As 297 Siddhartha S. Brahma Part IV Takeovers and Behavioral Effects 18 Takeover Strategies 323 Shailendra (Shail) Pandit 19 Defensive Strategies in Takeovers 339 Christian Rauch and Mark Wahrenburg 20 The Impact of Restructuring on Bondholders 359 Luc Renneboog and Peter G. Szilagyi 21 Behavioral Effects in M&As 385 Jens Hagendorff Part V Recapitalization and Restructuring 22 Financial Restructuring 401 Otgontsetseg Erhemjamts and Kartik Raman 23 Going Private and Leveraged Buyouts 419 Onur Bayar 24 International Takeovers and Restructuring 437 Rita Biswas Part VI Special Topics 25 Joint Ventures and Strategic Alliances: Alternatives to M&As 461 Tomas Mantecon and James A. Conover 26 Fairness Opinions in M&As 483 Steven M. Davidoff, Anil K. Makhija, and Rajesh P. Narayanan 27 How Initial Public Offerings Affect M&A Markets: The Dual Tracking Phenomenon 495 Roberto Ragozzino and Jeffrey J. Reuer 28 The Diversification Discount 511 Seoungpil Ahn 29 Partial Acquisitions: Motivation and Consequences on Firm Performance 527 Pengcheng Zhu and Shantanu Dutta Answers to End-of-Chapter Discussion Questions 545 Index 581

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Book SynopsisTrade Review"A fresh, instructive, and often moving account... [Mining Capitalism] makes signifiicant contributions to conversations on mining, corporations, NGOs, and engaged anthropology." Journal of Anthropological Research "Kirsch [makes] valuable contributions to our understanding of company-community relations, corporate power and constructions of indigenous identity, albeit from radically different ethical positions." Asia Pacific ViewpointTable of ContentsList of Illustrations Acknowledgments Introduction 1. Colliding Ecologies 2. The Politics of Space 3. Down by Law 4. Corporate Science 5. Industry Strikes Back 6. New Politics of Time Conclusion Epilogue Appendix: Timeline of the Ok Tedi Mine and Related Events Notes References Index

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Book SynopsisSports Economics focuses primarily on the business and economics aspects of major professional sports and the NCAA. It employs the basic principles of economics to address issues such as the organization of leagues, pricing, advertising and broadcasting as well as the labor market in sports.Trade Review'Sports Economics is an invaluable text that uses rigorous microeconomic analysis to explain a host of sports topics, ranging from antitrust and arbitration to profits and point shaving.' Charles L. Clotfelter, Duke University, and author, Big-Time Sports in American Universities (2011)'In Sports Economics Roger Blair provides comprehensive coverage of the key issues in the economics of sports, and then some. This book goes beyond the typical issues covered in sports economics textbooks as it considers such topics as gambling, cheating, player misconduct and performance-enhancing drugs. It also has an extensive treatment of legal issues that arise in sports markets, an area of research to which Blair has been a major contributor. This book will clearly become a standard text for sports economics courses.' Leo H. Kahane, Providence College, and Co-Founder and Editor, Journal of Sports Economics'This is the most comprehensive explication of sports economics for the lay reader to date. An excellent read for the avid well-educated sports fan, text for a introductory class, and research tool to cite for basic propositions and for its compilation of sources.' Stephen Ross, Pennsylvania State University'For a thorough tour of the economics of sports, no one has done it better than [Professor] Blair. For both economists and students alike, this book covers all of the bases and hits the ball out of the park.' Harold L. Vogel, author, Entertainment Industry Economics, 8th Edition (2011)'Roger Blair does a great job of applying microeconomic principles to the sports industry. This book will help students better understand both the sports world and economics because of its clear explanation of sophisticated concepts.' Jason Winfree, University of MichiganTable of ContentsPart I. Introduction: 1. Introduction to sports economics; Part II. The Sports Business: 2. The business of sports; 3. Sports leagues and organizations; 4. Competitive balance; 5. Pricing decisions; 6. Advertising in the sports industry; 7. The market for sports broadcasting rights; 8. Insuring player talent; 9. Sports leagues and antitrust policy; Part III. Image and Integrity: 10. Sports gambling; 11. Cheating in sports; 12. Misconduct and discipline; 13. Steroids and other performance-enhancing drugs; Part IV. Facilities, Franchises, and Public Policy: 14. Competition for sports franchises and events; 15. Economic impact of sports events; 16. Financing sports facilities; Part V. Sports Labor Market: 17. Salary determination: competition and monopsony; 18. The NCAA as a collusive monopsony; 19. Salary determination: bidding and bargaining; 20. Economic value of multi-year contracts; 21. Final offer arbitration in major league baseball; 22. Players' unions and collective bargaining; 23. The role of sports agents; 24. Should an athlete turn pro 'early'?; 25. Discrimination in sports.

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Book SynopsisThe American working class didn’t disappear with the manufacturing economy. It transformed. Instead of unionized blue-collar men, today’s working class is dominated by underpaid women in service jobs—especially health care. With recognition of this shift, Gabriel Winant argues, may come political clout.Trade ReviewThe replacement of blue-collar work by pink-collar work has been much discussed, but what makes this book stand out is Winant’s argument that two seemingly distinct phenomena are in fact inextricably connected…An original work of serious scholarship, but it’s also vivid and readable…[An] eye-opening book. -- Jennifer Szalai * New York Times *A deeply upsetting book. It meticulously charts the transformation of the working class to show how the destruction of workers’ unions and bodies occurred in a feedback loop, with capitalist exploitation demanding care, demanding more exploitation, demanding still more care. The demolition of state support and state protections served to speed up this feedback loop. It has long since spun out of control…Winant ably blends social and political history with conventional labor history to construct a remarkably comprehensive narrative with clear contemporary implications. -- Scott W. Stern * New Republic *Winant charts the rise of this new political economy and working class in his terrific new book…Offering fine-grained details of shop-floor industrial relations, the book is at once an ethnographic probe into the lives of working-class families and a comprehensive analysis of the larger dynamics of the US political economy…A useful guide to the sweeping social changes that have shaped a huge segment of the economy and created the dystopian world of contemporary service-sector work. -- Nelson Lichtenstein * The Nation *How the health-care industry replaced manufacturing while downgrading the quality of American middle-class life, furthering inequality, and fueling political bitter divisions is the welcome subject of Gabriel Winant’s The Next Shift…Winant weaves together a convincing argument that this downward mobility has been driven by a gendered and racist political economy that values many things—from retiree health care to CEO pay—more than care work by women and people of color…Many health-care workers on the bottom rungs now find themselves, in some ways, back where industrial workers started in the nineteenth century…[An] important book. -- John W. Miller * Democracy *Digs deep into the stories of working people, tracing the rise and fall of two industries that, despite vast differences on the surface, have been intertwined for decades. Through stories of real people’s real lives, Winant explores the move from manufacturing to care, tracing the rise of a new working class—one that looks very different from the stereotypical blue-collar worker of the Rust Belt’s mythic past…A road map for how to think about the changing working class. -- Sarah Jaffe * Bookforum *Charts how Pittsburgh’s declining steel industry gave rise to one of the country’s most ruthlessly corporatized health care systems, and how the ability of each to deliver on its romanticized promises rested on the exploitation of care work. -- Natalie Shure * Jacobin *Winant explains in fascinating detail how Pittsburgh’s working class adapted to the post-steel economy…[O]ffers a highly intelligent case study of the transformation of one key section of the working class since 1950—a vital precondition for mapping its future. -- Tom Mertes * New Left Review *Essential reading for anyone interested in Pittsburgh history, the labor movement or the economics of our health care system. It helps us to make sense of the region and the economy we inhabit today. -- Kate Giammarise * Pittsburgh Post-Gazette *The definitive account of the causes and consequences of the decline of heavy industry and the birth of the medical-industrial complex. Winant dives deeply into Pittsburgh's economic, social and cultural history to illuminate the linkages between the rise and fall of steel and the spectacular growth of health care…Essential reading for anyone wanting to understand our modern health-care industry's historical and economic foundations. -- Joshua Kim * Inside Higher Ed *An exquisite regional economic history, The Next Shift illustrates how health care became a primary mechanism of social reproduction—allowing the American state to govern the economic and sociological consequences of deindustrialization…Offers powerful lessons for scholars of health policy and politics. -- Philip Rocco * Journal of Health Politics, Policy and Law *[An] exhaustive examination of the shifting economies of the American Rust Belt…A fascinating look at labor history and the continuing struggles of blue-collar workers, particularly in light of the pandemic and the increased burden, both personally and politically, placed on health care workers. * Pittsburgh Magazine *A thorough understanding of the political economy of the post-war United States inflected through the lenses of race, gender and class. It is a masterful book that weaves together two seemingly disparate strands—the demise of heavy industry and the rise of care work—into a single thread that traces the story of a broken society. -- Ryne Clos * Spectrum Culture *Winant explores in his informative debut the rise and fall of Pittsburgh’s steel industry as a microcosm of America’s shift from an industrial to a service economy. * Publishers Weekly *Beautifully written, extensively researched, and sharply argued, The Next Shift offers a new way to think about the transformations often grouped together under the rubric of ‘neoliberalism.’ Winant sees deindustrialization not simply as a story of decline, but a story of the rise of a new kind of working class. -- Kimberly Phillips-Fein, author of Fear City: New York’s Fiscal Crisis and the Rise of Austerity PoliticsA sophisticated, politically pointed, and beautiful crafted book, The Next Shift chronicles both the erosion of the white male industrial working class and the ascendance of a service sector run by the labor of white women and men and women of color. But unlike most stories of industrial decline, Winant’s history bristles with hope for activism for the new world of work that has emerged. -- Eileen Boris, author of Making the Woman Worker: Precarious Labor and the Fight for Global Standards, 1919–2019In this nuanced and powerful book, Gabriel Winant connects the slow-motion devastation of deindustrialization to the perverse political economy of care as the twin fruit of America’s compromised social bargain. Through the rusting of ‘Steel City, USA,’ Winant makes tragically concrete the ways that industrial job loss was transformed into a profit-driven market for health care—ensuring that caregivers can never afford the services they provide, and that the social exclusion on which the welfare state was built will swallow up ever greater majorities. -- Bethany Moreton, author of To Serve God and Wal-Mart: The Making of Christian Free EnterpriseOne of the most timely books of our era. The global pandemic has turned care workers into heroes while concealing the history that rendered them undervalued, underpaid, and precarious long before COVID struck. Winant recovers this history, revealing how the growth of the care industry was a consequence of, and response to, the decline of the industrial sector, and suggesting that the very laborers tasked with keeping the rest of the working class from an early grave may prove to be capitalism’s proverbial gravediggers. -- Robin D. G. Kelley, author of Freedom Dreams: The Black Radical ImaginationHow and why has the healthcare sector taken over formerly industrial cities? Why are care work jobs so important yet so undervalued? In one of the most important works of labor, economic, and policy history to appear in years, Gabriel Winant compellingly answers these questions. This is an essential book for understanding the healthcare system, its weaknesses, and the policies necessary to create a system that is equitable for both workers and patients. -- Thomas J. Sugrue, author of The Origins of the Urban Crisis: Race and Inequality in Postwar Detroit

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Book SynopsisAt a time when tech giants have amassed vast market power, Jonathan Baker shows how laws and regulations can be updated to ensure more competition. The sooner courts and antitrust enforcement agencies stop listening to the Chicago school and start paying attention to modern economics, the sooner Americans will reap the benefits of competition.Trade ReviewThe Antitrust Paradigm is a call to action by a premier scholar of competition policy. Baker makes a compelling case to change the guidepost for U.S. antitrust enforcement from ‘do no harm’ to ‘do some good.’ Anyone with a keen interest in antitrust should read this book, and I hope that includes some judges. -- Richard J. Gilbert, University of California, Berkeley, and former Deputy Assistant Attorney General for Economics in the Antitrust Division of the U.S. Department of JusticeBaker’s timely book will be required reading for competition policymakers. It provides a concise, sophisticated, and informed account of nearly fifty years of change that has reshaped antitrust law and legal doctrine, and uses that account to identify much-needed reforms that would contribute to greater competitive vitality in the American economy. -- Andrew I. Gavil, Howard University School of LawJonathan Baker has written a superb and timely treatment of one of the hottest economic issues: how to make the economy more competitive, especially in the face of rapidly changing technology. Baker draws on his research and policy experience to write a book that avoids the heated rhetoric that often dominates these debates to instead present a compelling analysis and prescription that is firmly grounded in economic research. -- Jason Furman, Harvard Kennedy School and former Chairman of the Council of Economic AdvisersJonathan Baker is one of the country’s leading antitrust scholars. This well-written and thought-provoking book meticulously sets forth the theoretical and empirical foundation for his view that antitrust policy needs to be radically changed and must become much more active if the United States is to remain a dynamic economy. Even readers who disagree will be challenged to reexamine the reasons for their views. -- Dennis W. Carlton, University of Chicago Booth School of Business and former Deputy Assistant Attorney General for Economic Analysis in the Antitrust Division of the U.S. Department of JusticeBaker’s powerful and accessible prose makes the case for more vigorous twenty-first-century antitrust enforcement focused on market realities. He both diagnoses the problems and offers practical solutions. A must-read for those who care about ensuring markets that work to benefit consumers. -- Bill Baer, former Assistant Attorney General in the Antitrust Division of the U.S. Department of Justice and former Director of the Bureau of Competition at the Federal Trade CommissionContains a meticulous exploration of the most common theories of antitrust harm, spanning the rules on agreements, monopolies, and mergers. Baker focuses on these problems within the digital economy, seeking to make the case that despite its nineteenth century origins, the current US antitrust framework is sufficiently nimble to meet contemporary challenges. -- Niamh Dunne * Project Syndicate *Why are citizens not experiencing market competition in daily life? And is there hope that antitrust enforcement might rise to the challenge? Jonathan Baker provides an insightful analysis of antitrust enforcement from the origin of the Sherman Act, through the anti-enforcement ideology of the Chicago School, to present-day, corporate-friendly policies. The Antitrust Paradigm illuminates why antitrust is fashionable again in policy circles. It presents the economic and legal evidence of the decline in competition in an accessible and compelling fashion and then goes on to provide intelligent and interesting recommendations of changes to make to address particular competition problems that characterize the modern economy. -- Fiona Scott Morton, Yale University School of ManagementJonathan Baker’s book is a stirring and painstaking achievement in both intellectual and political terms. It offers not only a subtle takedown of the Chicago School’s conceptual dominance over American antitrust law but a powerful redefinition of how intensifying market concentration actually hurts our economy and our people. The Antitrust Paradigm builds up into the most rousing kind of call to arms: one that is rooted in rigorous analysis, vivid facts, and a margin of practical hope. Baker has written a profoundly useful book. -- Congressman Jamie Raskin (Maryland)A good overview of the current debate about competition policy, and the Chicago School versus neo-structuralist (aka ‘hipster’) clash going on in the U.S. at the moment. -- Diane Coyle * Enlightened Economist *Shows how antitrust reforms ostensibly aimed at spurring competition ended up causing an increase in market power. * ProMarket *A powerful argument for antitrust reform to bring about the benefits long and emptily promised by the Chicago School. * Harvard Law Review *An extremely valuable contribution to what he rightly notes is one of the most compelling current debates. -- Zephyr Teachout * Democracy *An informed, thoughtful, and provocative antitrust manifesto that every antitrust thinker should read. -- Barak Orbach * Antitrust Source *

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Book SynopsisJonathan Lusthaus lifts the veil on cybercriminals in the most extensive account yet of the lives they lead and the vast international industry they have created. Having traveled to hotspots around the world to meet with hundreds of law enforcement agents, security gurus, hackers, and criminals, he charts how this industry based on anonymity works.Trade ReviewIndustry of Anonymity is an accessible and important work on the organization of cybercrime. No other study provides the depth, breadth, and rigor on this difficult-to-reach community. -- David Skarbek, Brown UniversityWith convincing and compelling arguments, impressive empirical work, balanced explanations, and effective writing, Industry of Anonymity is a remarkable contribution to the literature on cybercrime. Criminology and sociology audiences have been waiting for this kind of book. -- Benoît Dupont, University of MontrealIndustry of Anonymity is without doubt the best exploration of the evolution of cybercrime today. Even as someone who has worked in this field for over a decade, I found new insights in every chapter. An absolute must read for any cybercrime investigator. -- Robert McArdle, Trend Micro Forward-Looking Threat Research TeamBased on more than two hundred interviews and numerous field trips to the world's cybercrime hotspots, this is a masterful account of how cybercrime has matured into a large, profit-driven industry. Offering a wealth of data on the informal arrangements that underpin cooperation among anonymous criminals, Lusthaus puts a face to people who normally hide in the shadows. Industry of Anonymity will be the standard reference for years to come. -- Federico Varese, author of Mafia LifeA timely contribution to a classic sociological problem: the one of social order, expressed in the chance of trusted relationships, cooperation, and governance…A substantial contribution to this conversation in a field that is anything but easy to investigate. -- Matías Dewey * American Journal of Sociology *

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Book SynopsisGlobal Production is the first book to provide a fully comprehensive overview of the complicated issues facing multinational companies and their global sourcing strategies. Few international trade transactions today are based on the exchange of finished goods; rather, the majority of transactions are dominated by sales of individual components andTrade Review"This book is an excellent addition for graduate courses and a great reference for researchers."--ChoiceTable of ContentsPreface vii I Introduction 1 1 Made in theWorld 3 2 Workhorse Models 28 II Location 57 3 Contracts and Export Behavior 59 4 Contracts and Global Sourcing 94 5 Contracts and Sourcing: Evidence 128 III Internalization 167 6 The Transaction-Cost Approach 169 7 The Property-Rights Approach 192 8 Internalization: Empirical Evidence 217 IV Appendixes 263 Bibliography 307 Index 319

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