The regulation of financial markets has for years been the domain of lawyers, legislators, and lobbyists. In this unique volume, experts in industrial organizat

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries hi

An issue-driven introduction to industrial organization, thoroughly updated and revised. The study of industrial organization (IO)—the analysis of the way fir

"The process by which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical