Industry Structure, Market Rivalry, and Public Policy

Harold Demsetz
1973 The Journal of law & economics  
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more » ... gh a vast number of other interesting topics have been available to the student of economic organization. The motives for this preoccupation with monopoly are numerous, but important among them are the desire to be policy-relevant and the ease with which industrial concentration data can be secured. This paper takes a critical view of contemporary doctrine in this area and presents data which suggest that this doctrine offers a dangerous base upon which to build a public policy toward business.
doi:10.1086/466752 fatcat:yh7mxkwikzbangni4pyiintgia