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BPEA Article

Directions and Trends in Industrial Organization: A Review Essay on the Handbook of Industrial Organization

Abstract

THE HANDBOOK OF INDUSTRIAL ORGANIZATION is mistitled. At the very least, the volumes produced by Richard Schmalensee and Robert Willig and their cadre of authors are a Two-hand book. Indeed, given the weight of each volume, it would be more appropriate to call the product a Two-arm book. (This is not to be confused with the two-armed bandit of probability theory and consumer search theory, although those aware of the $157 price tag might question whether I have too quickly dismissed the latter appellation.)

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