#structure–conduct–performance_paradigm
Structure–conduct–performance paradigm
Model in industrial organization economics
The structure–conduct–performance (SCP) paradigm, first published by economists Edward Chamberlin and Joan Robinson in 1933 and subsequently developed by Joe S. Bain, is a model in industrial organization economics that offers a causal theoretical explanation for firm performance through economic conduct on incomplete markets. This model has had direct influence on subsequent industrial economics models such as Porter's five forces analysis.
Sat 25th
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