Abstract
The structure-conduct-performance (SCP) approach — based exclusively upon neoclassical theory — has long been central to the study of industrial organisation (Section 1.2). SCP postulates causal relationships between the structure of a market, the conduct of firms in that market and economic performance. It has been used to provide the theoretical justification for competition policy (Sections 8.3-8.9). Here SCP has provided the rationale for measures intended to modify (or to prevent) the development of market structures likely to promote behaviour and performance detrimental to the public interest.
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© 1994 Paul R. Ferguson and Glenys J. Ferguson
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Ferguson, P.R., Ferguson, G.J. (1994). The Structure-Conduct-Performance Paradigm. In: Industrial Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-23306-9_2
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DOI: https://doi.org/10.1007/978-1-349-23306-9_2
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-61493-8
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