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Review of Industrial Organization

Erschienen in:

04.04.2016

Thirteen Editions of The Structure of American Industry: An I.O. Perspective

verfasst von: Kenneth G. Elzinga, F. M. Scherer

Erschienen in: Review of Industrial Organization | Ausgabe 3/2016

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Abstract

This article examines the content and longevity of The Structure of American Industry, edited first by Walter Adams and later by James Brock, through its 13 editions. The changing composition of industry case studies and their contributors are chronicled. The application of the Structure–Conduct–Performance paradigm for the study of industries is also assessed. As representatives of the approach and themes of the book, the chapters on Steel and on Public Policy are explored as they evolve through the multiple editions. The impact of the 13 editions is assessed in light of other books that contain industry case studies [L1, L22, L6].

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This number excludes Charles Killingsworth’s three Epilogues on Organized Labor and Willard Mueller’s four chapters on “Conglomerates: a non-industry.”

For an elaboration, see Mason (1949).

William J. Adams, Walter Adams' son, reports that his father spent a year at Harvard Law School around 1953–1954, during which time he became acquainted with Mason.

Published with revisions in Tirole (2015).

For a review, see Scherer and Ross (1990, ch. 11).

The volume includes an article by one of Tirole's acknowledged mentors, Richard Schmalensee, who concedes (Pitofsky 2008, p. 22) that improvements in antitrust policy "were the work of many hands, some of which had never been to Hyde Park," and does not attempt the unsupportable claim that advances in industrial organization theory largely originated in Chicago.

See Worcester (1957), and the earlier sources referenced by Worcester.

The data are extended from Scherer (1996, pp. 170–173).

For a chronology, see the 7th edition (1986, p. 80).

An earlier presidential confrontation occurred in 1952, when a decree by President Harry S. Truman nationalized the industry to end (temporarily) a strike jeopardizing Korean war steel supplies. The decree was overturned by the Supreme Court.

Our estimate, from American Iron and Steel Association statistical yearbooks.

By 2015, the largest steel-producing companies within the U.S. were, in descending order of domestic output capacity, U.S. Steel Corporation, Mittal, and multiple mini-mill operator Nucor (founded in 1965). Thus, the ghost of J.P. Morgan survives!

Madison's views in Federalist paper 10 would have provided stronger support than the cited Federalist 51.

Romero v. Philip Morris Inc., 145 N.M. 658 (N.M., 2008).

The Package Shop Inc. v. Anheuser-Busch Inc., 675 F. Supp. 894 (D.N.J., 1987).

United States v. Falstaff Brewing Corp. et al., 410 U.S. 526 (1973).

Structure’s 5th (1977) and 6th editions (1982) have higher citation counts than any other edition.

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Titel: Thirteen Editions of The Structure of American Industry: An I.O. Perspective
verfasst von: Kenneth G. Elzinga
F. M. Scherer
Publikationsdatum: 04.04.2016
Verlag: Springer US
Erschienen in: Review of Industrial Organization / Ausgabe 3/2016
Print ISSN: 0889-938X
Elektronische ISSN: 1573-7160
DOI: https://doi.org/10.1007/s11151-016-9513-4

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