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1、Chapter1TECHNOLOGICALDETERMINANTSOFFIRMANDINDUSTRYSTRUCTUREJOHNC.PANZAR*NorthwesternUnioersityContents1.Introduction42.Themultiproductcostfunction42.1.Economiesofscale72.2.Productspecificeconomiesofscale112.3.Economiesofscope152.4.Costsubadditivityandnaturalmono
2、poly233.Industryconfigurations333.1.Feasibleandeflicientsingleproductindustryconfigurations353.2.Efficientmultiproductindustryconfigurations384.Empiricalissues414.1.Aggregationandthehedonicapproach424.2.Long-runandshort-runmeasuresofreturnstoscale454.3.Empirical
3、studiesofelectricpower464.4.Empiricalstudiesoftelecommunications515.Concludingremarks56Bibliography56*IwouldliketothankAvnerGreifforhisresearchassistance,BobbyWilligforhelpfulcomments,andtheNationalScienceFoundation,SES8409171,forpartialresearchsupport.Anyerrors
4、are,ofcourse,solelymyresponsibility.HandbookofIndustrialOrganization,VolumeI,EditedbyR.SchmalenseeandR.D.Willig©ElsevierSciencePublishersB.V.,19894ZC.Panzar1.IntroductionThetitleofthisvolumeistheHandbookofIndustrialOrganization.Theliteralinterpretationoftheterm"
5、industrialorganization"has,inlargepart,recededfromthesurfacewhenthenounoradjective"IO"isused.Asmanyofthesubsequentchaptersinthisvolumeindicate,thefieldhasmovedfarbeyondthemeredescriptionofhowindustriesareorganized.Yetitisatthisbasiclevelthatthediscussionmustbegi
6、n.FortheverynameofthefieldalertsonetothefactthatwearedealingwithquestionsthatdonotevenariseinthetraditionalMarshallianframework.Theretheindustry,itself,wastheunitofanalysis.Itsinternalorganization,whileperhapsofanecdotalinterest,wasnotviewedasbeingatallimportant
7、foransweringtheimportantpositiveornormativeques-tionsofvaluetheory.Thus,thedistinguishingfeatureofresearchinindustrialorganizationisthat,forsomereasonorother,itisnotfruitfultoemploytheclassicalperfectlycompetitivemodeltoanalyzetheproblemsofinterest.Thischapterex
8、ploresthetechnologicalconditionsthatmaymakeitnecessarytoabandonthecompetitivemodel:theresimplymaynotbe"enoughroom"inthemarketforasufficientlylargenumberoffirmstogivec