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Full Description
Written by two of the field's most respected researchers,Modern Industrial Organization goes beyond the traditional structure-conduct-performance framework by using the latest advances in microeconomic theory, including transaction cost analysis, game theory, contestability, and information economics.
Updated to reflect new trends and topics, the 4th Edition focuses on providing students with a clear, unified structure for analysing theories and empirical evidence about the organisation of firms and industries.
Contents
I. INTRODUCTION AND THEORY
1. Overview
2. The Firm and Costs
II. MARKET STRUCTURES
3. Competition
4. Monopolies, Monopsonies, and Dominant Firms
5. Cartels
6. Oligopoly
7. Product Differentiation and Monopolistic Competition
8. Industry Structure and Performance
III. BUSINESS PRACTICES: STRATEGIES AND CONDUCT
9. Price Discrimination
10. Advanced Topics in Pricing
11. Strategic Behavior
12. Vertical Integration and Vertical Restrictions
IV. INFORMATION, ADVERTISING, AND DISCLOSURE
13. Information
14. Advertising and Disclosure
V. DYNAMIC MODELS AND MARKET CLEARING
15. Decision Making Over Time: Durability
16. Patents and Technological Change
17. How Markets Clear: Theory and Facts
VI. GOVERNMENT POLICIES AND THEIR EFFECTS
18. International Trade
19. Antitrust Laws and Policy
20. Regulation and Deregulation
