Texts are the same as for the Fall 2015 section. Warrian, Peter. A Profile of the Steel Industry. Business Expert Press, 2012. ISBN: 978-1606494172 Ogle,…
Author: Mike
Prof of Economics, Wms School of Commerce, Washington and Lee University, Lexington VA
… that is, survival of breweries during Prohibition. This is the topic of a “job paper” (what an economics PhD job candidate sends out with…
WaPo story on [too low?!] entry barriers in brewing, down to lending operations that focus on brew pubs.
Industries have industry associations. Nine of those for steel jointly claim: Estimates from the OECD Steel Committee indicate that there is almost 700 million metric…
Nucor, US Steel, ArcelorMittal, Nippon Steel & Sumitomo Metal, and JFE (NKK + Kawasaki Steel) AB-InBev, SABMiller and Boston Beer Company (Sam Adams) [old reports]
The hot news item (here) is the $106 billion agreement for AB InBev NV [a Belgian firm] to acquire SABMiller Plc [a UK firm]. The…
We focus on firms as profit maximizers; for our purposes the details of the goals of a firm aren’t critical, and πmax offers simplicity. Then…
Thinking about strategy requires assessing one’s role in the overall market. For Saudi Arabia, that’s not what it used to be. While their output of…
I will finalize texts for the fall in the next week or two, and post here with ISBN’s for those who wish to order online.…
Here is a good post on how ease of entry means that if a monopolist tries to exercise market power it disappears quickly. There really…