Year: 2025
Type: conference-paper
Abstract: The aim of the paper is to study the methodological aspects of the formation, enhancement and strategic development of industrial markets. Currently, the industrial market theory is a field of economic analysis that studies the functioning of markets, considering all their diversity and peculiarities. This scientific direction is currently developing very intensively; in the literature it is known as the 'industrial economics', 'industrial organisation', but some sources also utilize the 'economics of industry markets', 'organisation of industry markets', as well as the 'theory of industrial organisation'. The theoretical and methodological aspects of enhancing the efficiency of functioning and development of industry markets are examined. Within the study, general scientific methods of analysis and synthesis, generalization, comparison, abstract-logical analysis, etc. were used. A systemic approach is the common methodological basis of the economy of industry markets. The main conclusion is that modern markets are the imperfect competition markets, and therefore various factors that restrict freedom of competition and to some extent regulate the activities of organisations in industry markets must be considered and introduced into the models. When analysing the efficiency of industrial markets, the achievements of modern institutionalism must be considered and the influence of market institutions on the behavior of economic entities, which will affect the social-and-economic efficiency of the market, must be included in the analysis.
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W7128399201