Industrial Organization Theory and Practice

ISBN-10: 0321376102

ISBN-13: 9780321376107

Edition: 3rd 2007 (Revised)

List price: $216.40
30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy

Description: This undergraduate text provides a real-world approach that integrates game theory with more traditional industrial organisation coverage without the use of calculus.

what's this?
Rush Rewards U
Members Receive:
coins
coins
You have reached 400 XP and carrot coins. That is the daily max!

Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Customers also bought

Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading

Book details

List price: $216.40
Edition: 3rd
Copyright year: 2007
Publisher: Addison Wesley
Publication date: 7/25/2006
Binding: Hardcover
Pages: 736
Size: 7.50" wide x 9.50" long x 1.00" tall
Weight: 2.684
Language: English

Preface
The Basics of Industrial Organization
Introduction
Two Approaches to the Study of Industrial Organization
Static versus Dynamic Models
Theory and Empiricism
Government and Industrial Organization
The Global Economy and Industrial Organization
General Approach of This Book
Summary
The Firm and Its Costs
The Neoclassical Firm
The Theory of the Firm
The Structure of Modern Firms
The Profit-Maximizing Output Level
Cost Concepts: Single-Product Firms
Cost Concepts: Multiproduct Firms
Summary
Competition and Monopoly
The Economics of Perfect Competition
Introduction to Welfare Economics
The Economics of Monopoly
Welfare Comparison
Present Value and Discounting
Antitrust Policy Toward Monopolization
Summary
Market Structure
Concentration in Individual Markets
Entry and Exit
Mergers
Summary
Monopoly Practices
Dominant-Firm Price Leadership Model
Contestable Markets: A Check on Market Power?
Network Economics
Summary
Market Power and Performance: The Empirical Evidence
Structure-Conduct-Performance
Statistical Tools Used to Test the SCP Paradigm
Measurement Issues
Measures of Market Structure
Early Structure-Conduct-Performance Studies
Econometric Studies
Effects of Other Elements of Market Power on Profits
Conceptual Problems with SCP Studies
Prices and Concentration
An Alternative Approach: Sunk Costs and Market Concentration
The New Empirical Industrial Organization
Summary
Modern Industrial Organization: Game Theory and Strategic Behavior
Game Theory: A Framework for Understanding Oligopolistic Behavior
What Is Game Theory?
Simple Zero-Sum Games
The Information Structure of Games
Prisoner's Dilemma Games
Repeated Games
Games of Mixed Strategies
Sequential Games
Summary
The Development of Oligopoly Theory
Models Based on Quantity Determination
The Stackelberg Model
The Bertrand Model
Summary
Collusion: The Great Prisoner's Dilemma
The Prisoner's Dilemma Revisited
Another Strategy for Maintaining Effective Collusion: Trigger Price Strategies
Collusive Agreements as Viewed by One Firm in a Cartel
Factors Affecting the Ease or Difficulty of Effective Collusion
Antitrust Policy Toward Collusion
Summary
Cartels in Action
Attempted Methods of Achieving Effective Collusion
How Successful Are the Solutions?
Summary
Oligopoly Behavior: Entry and Pricing to Deter Entry
Limit Pricing
Predatory Pricing
Summary
Details of the Kreps and Wilson Predatory Pricing Model
Oligopoly Behavior: Entry and Nonpricing Strategies to Deter Entry
Excess Capacity
Raising Rivals' Costs
Learning by Doing
Product Proliferation
Empirical Evidence on the Use of Price and Nonprice Strategies to Deter Entry
Summary
Product Proliferation Revisited
Business Practices
Product Differentiation and Advertising
Forms of Product Differentiation
Theoretical Analysis of Product Differentiation
The Social Benefits and Costs of Advertising
Advertising and Market Structure
Advertising as a Barrier to Entry
Strategic Advantages of Heavily Advertised Brands
Product Differentiation and Increased Competition
Empirical Evidence
Summary
Technological Change and Research and Development
Schumpeter and the Process of "Creative Destruction"
The Process of Technological Change
The Relationship Between Market Structure, Firm Size, and Technological Advance
The Impact of Firm Size
Empirical Evidence
The Economics of the Patent System
Patents, Intellectual Property Rights, and the Law
Summary
Game Theory and Patent Races
Price Discrimination
Types of Price Discrimination
Two-Part Tariffs, Tying, and Bundling
Distribution Effects of Price Discrimination
Effect on Competition
Antitrust: Price Discrimination and the Robinson-Patman Act
Summary
The Welfare Implications of Price Discrimination with Nonlinear Demand
Vertical Integration and Vertical Relationships
Vertical Relationships as a Solution to Economic Problems
Alternative Methods of Achieving Joint Profit Maximization
The Competitive Effects of Vertical Relationships
Antitrust: Public Policy Toward Vertical Restraints of Trade and Group Boycotts
Summary
The Problem of Input Substitution
Regulation and Deregulation
The Rationale for Regulation: Traditional Public Utility Regulation
The Workings of American Regulation
Efficiency Problems Associated with Rate of Return Regulation
The Spread of Regulation into Other Markets
The Movement from Regulation to Deregulation
Summary
Glossary
Answers to Odd-Numbered Problems
Index
Credits
×
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.

×