Industrial Organization Theory and Practice

ISBN-10: 0321376102

ISBN-13: 9780321376107

Edition: 3rd 2007 (Revised)

Authors: Don E. Waldman, Elizabeth J. Jensen

List price: $216.40
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This undergraduate text provides a real-world approach that integrates game theory with more traditional industrial organisation coverage without the use of calculus.
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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

The Basics of Industrial Organization
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
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
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
Market Structure
Concentration in Individual Markets
Entry and Exit
Monopoly Practices
Dominant-Firm Price Leadership Model
Contestable Markets: A Check on Market Power?
Network Economics
Market Power and Performance: The Empirical Evidence
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
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
The Development of Oligopoly Theory
Models Based on Quantity Determination
The Stackelberg Model
The Bertrand Model
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
Cartels in Action
Attempted Methods of Achieving Effective Collusion
How Successful Are the Solutions?
Oligopoly Behavior: Entry and Pricing to Deter Entry
Limit Pricing
Predatory Pricing
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
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
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
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
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
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
Answers to Odd-Numbered Problems
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