Structure–conduct–performance paradigm
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The structure–conduct–performance (SCP) paradigm, first published by economists
industrial economics models such as Porter's five forces analysis.[2]
According to the structure–conduct–performance paradigm, the market environment has a direct, short-term impact on the market structure. The market structure then has a direct influence on the firm's economic conduct, which in turn affects its market performance. Therein, feedback effects occur such that market performance may impact conduct and structure, or conduct may affect the market structure. Additionally, external factors such as legal or political interventions affect the market framework and, by extension, the structure, conduct and performance of the market.
References
- ISBN 9781849801126.
- ISBN 978-1-292-12175-8.
External links
- Structure–conduct–performance paradigm at Policonomics