Market structure and behaviour

  • P. J. H. Baily


The degree of monopoly or competition encountered by the buyer in supply markets varies considerably, and there are also wide variations in the way price is determined, and the extent to which it is subject to fluctuation. In this chapter we consider briefly the legal position as regards monopoly and restrictive practices; examine the elements of market structure and the relationship between structure and behaviour; and finally consider the commodity markets.


Fair Trading Market Structure Future Price Future Contract Commodity Market 
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    In his classic: An enquiry into the nature and causes of the wealth of nations,first published in 1765.Google Scholar
  2. 2.
    Hannah, L. and Kay, J.A. (1977), Concentration in Modern Industry, Macmillan, London.Google Scholar
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    Scherer, F.M. (1970). Industrial Market Structure and Economic Performance, Rand McNally, Chicago, p. 159.Google Scholar
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    Bain, J.S. (1959), Industrial Organisation, Wiley, New York.Google Scholar
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    Leenders, M.R. (1965), Improving Purchasing Effectiveness through Supplier Development, Harvard University Press, Cambridge, Mass.Google Scholar
  6. 6.
    See for instance: Kingsman, B.G. inFarmer, D.H. and Taylor, B. (1975), Corporate Planning and Procurement,Heinemann, London.Google Scholar

Copyright information

© P.J.H. Baily 1978

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  • P. J. H. Baily

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