Introduction to Industrial Organization,9780262032865

Introduction to Industrial Organization

by
ISBN13: 9780262032865
ISBN10: 0262032864
Format: Hardcover
Pub. Date: 2000-08-21
Publisher(s): Mit Pr
List Price: $97.00

Buy New

Usually Ships in 5-7 Business Days
$92.38
Add to Cart

Buy Used

In Stock
$68.00
Add to Cart

Rent Textbook

Select for Price
Add to Cart
There was a problem. Please try again later.

eTextbook

We're Sorry
Not Available

Buy from our Marketplace starting at $4.39

How Marketplace Works:

  • This item is offered by an independent seller and not shipped from our warehouse
  • Item details like edition and cover design may differ from our description; see seller's comments before ordering.
  • Sellers much confirm and ship within two business days; otherwise, the order will be cancelled and refunded.
  • Marketplace purchases cannot be returned to eCampus.com. Contact the seller directly for inquiries; if no response within two days, contact customer service.
  • Additional shipping costs apply to Marketplace purchases. Review shipping costs at checkout.

Summary

Over the past twenty years, the study of industrial organization--the analysis of imperfectly competitive markets--has grown from a niche area of microeconomics to a key component of economics and of related disciplines such as finance, strategy, and marketing. This book provides an issue-driven introduction to industrial organization. It includes a vast array of examples, from both within and outside the United States. While formal in its approach, the book is written in a way that requires only basic mathematical training. Supplemental materials posted on the Web make more extensive use of algebra and calculus.

Table of Contents

Preface xi
PART ONE Introduction 1(66)
What Is Industrial Organization?
3(12)
An Example
4(2)
Central Questions
6(5)
Coming Next
11(4)
Summary
12(1)
Key Concepts
13(1)
Review and Practice Exercise
13(2)
Basic Microeconomics
15(20)
Demand
15(3)
Costs
18(6)
Profit Maximization
24(2)
Efficiency
26(9)
Summary
29(1)
Key Concepts
29(1)
Review and Practice Exercises
30(3)
Extension Exercise
33(2)
The Firm
35(14)
Do Firms Maximize Profits?
35(5)
What Determines the Firm's Boundaries?
40(2)
Why Are Firms Different?
42(7)
Summary
45(1)
Key Concepts
45(1)
Review and Practice Exercises
45(1)
Extension Exercises
46(3)
Games and Strategy
49(18)
Dominant Strategies, Dominated Strategies, and Nash Equilibrium
51(4)
Sequential Games: Commitment and Backward Induction
55(4)
Repeated Games
59(8)
Summary
62(1)
Key Concepts
63(1)
Review and Practice Exercises
63(3)
Extension Exercise
66(1)
PART TWO From Monopoly to Perfect Competition 67(32)
Monopoly and Regulation
69(16)
Monopoly
69(6)
Regulation
75(3)
Essential Facilities and Access Pricing
78(7)
Summary
82(1)
Key Concepts
82(1)
Review and Practice Exercises
83(2)
Perfect (and Almost Perfect) Competition
85(14)
Perfect Competition
85(2)
From Theory to Stylized Facts
87(2)
Competitive Selection
89(2)
Monopolistic Competition
91(3)
Coming Next
94(5)
Summary
96(1)
Key Concepts
96(1)
Review and Practice Exercises
96(3)
PART THREE Oligopoly 99(66)
Oligopoly Competition
101(26)
The Bertrand Model
102(2)
Pricing with Capacity Constraints
104(3)
The Cournot Model
107(6)
Bertrand versus Cournot
113(1)
The Models at Work: Comparative Statics
114(13)
Summary
124(1)
Key Concepts
124(1)
Review and Practice Exercises
125(1)
Extension Exercise
126(1)
Collusion
127(24)
Repeated Interaction and the Stability of Collusive Agreements
128(5)
Price Wars
133(4)
Factors That Facilitate Collusion
137(7)
Public Policy
144(7)
Summary
145(1)
Key Concepts
145(1)
Review and Practical Exercises
146(4)
Extension Exercise
150(1)
Market Structure and Market Power
151(14)
Concentration and Market Power: Theory
151(5)
Concentration and Market Power: Empirical Estimation
156(3)
Conduct and Market Power: Empirical Estimation
159(6)
Summary
162(1)
Key Concepts
163(1)
Review and Practice Exercises
163(1)
Extension Exercise
163(2)
PART FOUR Price and Nonprice Strategies 165(74)
Price Discrimination
167(22)
Types of Price Discrimination
169(1)
Third-Degree Price Discrimination
170(2)
Nonlinear Pricing
172(3)
Versioning, Bundling, and Other Forms of Consumer Sorting
175(5)
Is Price Discrimination Legal? Should It Be?
180(9)
Summary
183(1)
Key Concepts
184(1)
Review and Practice Exercises
184(3)
Extension Exercise
187(2)
Vertical Relations
189(16)
Double Marginalization and Two-Part Tariffs
190(3)
Retailer Competition
193(1)
Investment Externalities
193(1)
Indirect Control
194(2)
Manufacturer Competition
196(3)
Are Vertical Restraints Legal? Should They Be?
199(6)
Summary
200(1)
Key Concepts
200(1)
Review and Practice Exercises
201(2)
Extension Exercise
203(2)
Product Differentiation
205(18)
Horizontal Differentiation, Vertical Differentiation, and the Characteristics Approach
206(3)
Product Differentiation and Market Power
209(6)
Product Positioning
215(2)
Imperfect Information and Switching Costs
217(6)
Summary
219(1)
Key Concepts
220(1)
Review and Practice Exercises
220(1)
Extension Exercise
221(2)
Advertising
223(16)
Information, Persuasion, and Signaling
223(4)
Advertising Intensity
227(4)
Price Competition and Advertising
231(8)
Summary
235(1)
Key Concepts
235(1)
Review and Practice Exercises
235(2)
Extension Exercise
237(2)
PART FIVE Entry and Exit 239(50)
Entry Costs, Market Structure, and Welfare
241(18)
Entry Costs and Market Structure
243(4)
Endogenous versus Exogenous Entry Costs
247(5)
Free Entry and Social Welfare
252(7)
Summary
256(1)
Key Concepts
256(1)
Review and Practice Exercises
256(1)
Extension Exercise
257(2)
Strategic Behavior, Entry and Exit
259(30)
Entry Deterrence
260(9)
Predation
269(8)
Mergers and Acquisitions
277(12)
Summary
285(1)
Key Concepts
286(1)
Review and Practice Exercises
286(2)
Extension Exercise
288(1)
PART SIX Technology 289(46)
Research and Development
291(20)
Market Structure and Incentives for R&D
292(3)
The Dynamics of R&D Competition
295(8)
Public Policy
303(8)
Summary
308(1)
Key Concepts
308(1)
Review and Practice Exercises
309(2)
Networks and Standards
311(24)
Consumer Expectations and Critical Mass
312(2)
Path Dependence
314(5)
Excess Inertia and Excess Momentum
319(5)
Compatibility
324(2)
Public Policy
326(9)
Summary
328(1)
Key Concepts
329(1)
Review and Practice Exercises
329(2)
Extension Exercise
331(4)
Notes 335(12)
Index 347

An electronic version of this book is available through VitalSource.

This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.

By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.

Digital License

You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferable.

More details can be found here.

A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.

Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.

Please view the compatibility matrix prior to purchase.