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The Structure-Conduct-Performance Paradigm

  • Paul R. Ferguson
  • Glenys J. Ferguson

Abstract

The structure-conduct-performance (SCP) approach — based exclusively upon neoclassical theory — has long been central to the study of industrial organisation (Section 1.2). SCP postulates causal relationships between the structure of a market, the conduct of firms in that market and economic performance. It has been used to provide the theoretical justification for competition policy (Sections 8.3-8.9). Here SCP has provided the rationale for measures intended to modify (or to prevent) the development of market structures likely to promote behaviour and performance detrimental to the public interest.

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Copyright information

© Paul R. Ferguson and Glenys J. Ferguson 1994

Authors and Affiliations

  • Paul R. Ferguson
  • Glenys J. Ferguson

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