532
INDEX
‘selfish gene’ theory 27, 90 Selten, R. 380 Sen, A. K. 28 sensitivity analysis 454 Shaffer, S. 271 Shanley, M. 330 share options 42–43, 49, 518 share ownership plans 42 shareholder-wealth maximization model (SWMM) 50, 67, 445 shareholders 30–31 Sherman Act (1890) 496 Sheth, J. N. 88 shirking 31, 39 Shoemaker, R. W. 429 short run 180 short-run cost behaviour 217–226 short-run cost curves 231–235 short-run average cost (SAC) 231–234, 294, 304 short-run marginal cost (SMC) 296, 299, 304 Siegfried, J. J. 121, 149 Sigmund, K. 381 signalling 41 significance level 146, 163 significance value 147 Simon, H. 428 simple regression 133–135, 140 simulation 454, 457–458 simultaneous-equations bias 166 Slutsky approach 87 Smirlock, M. 283 Smith, A. 24, 27 Smith, V. 90 social costs 215–216 social justice 471 societal marketing 64–65 Sony 62, 388 Sotheby’s 497 Southern California Edison (SCE) 499 Southwest Airlines 116, 272, 404 specialization 24, 228, 270 special-purpose entity (SPE) 54, 57 specification error 165 spillover effects 262 spiteful behaviour 27–28, 47 Sports Connection 155–156 spot markets 22 spreading fixed costs 222, 228 Stackelberg oligopoly 358–360 Stages of production stage 1 188 stage 2 188 stage 3 188 stand-alone risk, see risk
Standard and Poor (S&P) 500 index 52 standard error of estimate (SEE) 147, 149, 161 standard errors of coefficients 141, 146, 168 standard errors of estimators 160–161 staple products 107 state aid, see also subsidy 485 ‘states-of-nature’ 455 static games 337 statistical inference 142, 157–164, 162 statistical methods 127 statistical models 129 statistical relationships 127 steady-state equilibrium (SSE) 349 Steiner, P. O. 428 Stigler, G. 257, 330 stochastic variables 158 stock options, see share options stock ownership plans, see share ownership plans Stokes, R. C. 429 Stone, R. D. 121 stranded assets 500 stranded costs 274 strategic barriers 300–304, 479, 480 strategic behaviour 333 strategic interaction 23 strategic moves 355–358 strategies 334 structural barriers 300–302, 479, 480 structure–conduct–performance (SCP) model 290–291, 479–480 subgame-perfect Nash equilibrium (SPNE) 353 subsidy 272, 481, 485, 487, 510–511 substitutes 96, 101–102, 109, 300, 406, 422 substitution effect 86–87 Suits, D. B. 121 sunk costs 26, 215, 274, 302, 303, 319, 348, 355, 419, 436 supernormal profit 294, 300, 310, 313, 316, 322, 486, 496 supply-side economics 486 Sweezy, P. M. 319 symmetrical payoffs 363 systematic risk, see risk t-stastistic 146, 149, 163 Tanzi, V., 192 tastes 93–94 Taylor, L. D. 121, 150 taxes 437, 510–511 on debt 446 technical diseconomies of scale, see diseconomies of scale
