Publicownership

‘selfishgene’theory 27, 90 Selten,R. 380 Sen,A.K. 28 sensitivityanalysis 454 Shaffer,S. 271 Shanley,M. 330 shareoptions 42–43, 49, 518 shareownershipplans 42 shareholder-wealthmaximizationmodel (SWMM) 50, 67, 445 shareholders 30–31 ShermanAct(1890) 496 Sheth,J.N. 88 shirking 31, 39 Shoemaker,R.W. 429 shortrun 180 short-runcostbehaviour 217–226 short-runcostcurves 231–235 short-runaveragecost(SAC) 231–234, 294, 304 short-runmarginalcost(SMC) 296, 299, 304 Siegfried,J.J. 121, 149 Sigmund,K. 381 signalling 41 significancelevel 146, 163 significancevalue 147 Simon,H. 428 simpleregression 133–135, 140 simulation 454, 457–458 simultaneous-equationsbias 166 Slutskyapproach 87 Smirlock,M. 283 Smith,A. 24, 27 Smith,V. 90 socialcosts 215–216 socialjustice 471 societalmarketing 64–65 Sony 62, 388 Sotheby’s 497 SouthernCaliforniaEdison(SCE) 499 SouthwestAirlines 116, 272, 404 specialization 24, 228, 270 special-purposeentity(SPE) 54, 57 specificationerror 165 spillovereffects 262 spitefulbehaviour 27–28, 47 SportsConnection 155–156 spotmarkets 22 spreadingfixedcosts 222, 228 Stackelbergoligopoly 358–360 Stagesofproduction stage1 188 stage2 188 stage3 188 stand-alonerisk, see risk StandardandPoor(S&P)500index 52 standarderrorofestimate(SEE) 147, 149, 161 standarderrorsofcoefficients 141, 146, 168 standarderrorsofestimators 160–161 stapleproducts 107 stateaid, see alsosubsidy 485 ‘states-of-nature’ 455 staticgames 337 statisticalinference 142, 157–164, 162 statisticalmethods 127 statisticalmodels 129 statisticalrelationships 127 steady-stateequilibrium(SSE) 349 Steiner,P.O. 428 Stigler,G. 257, 330 stochasticvariables 158 stockoptions, see shareoptions stockownershipplans, see share ownershipplans Stokes,R.C. 429 Stone,R.D. 121 strandedassets 500 strandedcosts 274 strategicbarriers 300–304, 479, 480 strategicbehaviour 333 strategicinteraction 23 strategicmoves 355–358 strategies 334 structuralbarriers 300–302, 479, 480 structure–conduct–performance(SCP) model 290–291, 479–480 subgame-perfectNashequilibrium(SPNE) 353 subsidy 272, 481, 485, 487, 510–511 substitutes 96, 101–102, 109, 300, 406, 422 substitutioneffect 86–87 Suits,D.B. 121 sunkcosts 26, 215, 274, 302, 303, 319, 348, 355, 419, 436 supernormalprofit 294, 300, 310, 313, 316, 322, 486, 496 supply-sideeconomics 486 Sweezy,P.M. 319 symmetricalpayoffs 363 systematicrisk, see risk

t-stastistic 146, 149, 163 Tanzi, V., 192 tastes 93–94 Taylor,L.D. 121, 150 taxes 437, 510–511 ondebt 446 technicaldiseconomiesofscale, see diseconomiesofscale

technicaleconomiesofscale, see economiesofscale technologicalfactors 95 terminalvalue 453 Tesco 98, 507 test-marketing 126 Thatcherism 484, 486 ThreeMileIsland 312 Time 62 time-seriesstudies 130, 165, 167, 260, 266–267, 273 Tinney,E.H. 69 Tiny 62 Tirole,J. 330 ‘tit-for-tat’strategy(TFT) 373 ‘tit-for-two-tats’strategy(TFTT) 373 Tobin’s Q 52 Tomkins,J.M. 521 totaleconomicwelfare 310 trade-offs, 205–208 tradingrightsinpollution 7 trafficcongestion 512 tragedyofthecommons 333, 336, 349 transactioncosts 8, 22, 63, 476, 509, 514 transactions 24–25 transferpricing, see pricing transportationcosts 291, 398 transportationdiseconomiesofscale, see diseconomiesofscale transportationinfrastructure 462–463 TreatyofRome 496 ‘trembling-handtrigger’strategy(THTS) 372 ‘trigger’strategy 372–375 Trivers,R. 27 Tversky,A. 89 Twomey,J. 521 two-stageleastsquares(2SLS) 166 two-tailtest 147 Tyco 44, 48

UPS 503–505 USAirways 272 ultimatumbargaininggame 89, 90, 375–377 unbiasedestimator 161 uncertainty 434, 440, 458–459 uncontrollablefactors 93–96, 419 underutilization 185 unemploymentinsurance 516 unexplainedvariance 148 UnitedStatesPostalServices(USPS) 503 universalserviceobligation(USO) 503 unsystematicrisk, see risk utility 81–87 cardinal 81 maximizationof 26–29, 27, 63, 81–85 ordinal 81

validity 126 valuecreation, 385–389 valuejudgement 9 valuenet 385 vanHorne,J.C. 468 variablecosts 217 variablefactors 179 variation 136 explained 136 unexplained 136 verticalintegration, see integration Viner,J. 232 VivendiUniversal 45, 48 Volkswagen 60–61 Volvodrivers 39 vonNeumann,J. 333 vonStackelberg,H.(seealso Stackelberg oligopoly) 380 Vuong,Q. 380

Walker,D.A. 283 Walters,A.A. 265 Walton,R. 429 WasteManagement 53 Webster,C.,207 weightedaveragecostofcapital(WACC) 449–450, 460 weightedleastsquares(WLS) 167 Weisbrod,B.A. 69 Welch,J. 46 welfare 36 Wheatley,J.J. 428 Whigham,D. 520 whistle-blowing 497 Wilkinson,J.N. 121, 171 Williams,G.C. 27 Willig,R.D. 303, 348 Wilson,W.R 428 Wind,Y. 88 within-firmrisk 440 WorldCom 44, 48

X-inefficiency 482 Xerox 48, 53, 54

yieldtomaturity(YTM) 451 Young,Lord 45 Young,P.K.Y. 211 Zardoshty,F. 121, 149 Zeithaml,V.A. 422, 428 zero-sumgames 336