Presents state-of-the-art research in the spirit of the structure-conduct-performance paradigm embodied in the work of Leonard W. Weiss. The individual chapters are generally empirically or public policy oriented.

Leonard Weiss's contributions to research in industrial organization, F.M. Scherer; costs, demand and imperfect competition as determinants of plant-level output prices, T. Dunne and M.J. Roberts; the functional relationship between prices and market concentration - the case of the banking industry, T.H. Hannan; the effectiveness and stability of highway bid-rigging, L.E. Brannman and J.D. Klein; price changes and mergers in US manufacturing 1985-1986, J.F Stewart and Sang-Kwon Kim; price changes from 1958 to 1982, C.M.L. Kelton; problems in the conceptualization of markets for the analysis of competitive processes, P. Auerbach et al; predatory pricing - where do we stand?, R.H. Koller II; antitrust and the political process, R. Pittman; sub-optimal scale plants and compensating factor differentials in US and Japanese manufacturing, D.B. Audretsch and H. Yamawaki; technical inefficiency, rent-seeking and excess profits in US manufacturing industries 1977, R.E. Caves; productivity changes in the US electrical power industry, J.D. Klein et al; ownership structure and profitability, M. Hirschey and M. Fedenia; entry and exit in US manufacturing industries from 1977 to 1982, J.J. Siegfried.