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Description Contents Features 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. Fully updated to reflect new trends and topics, the Fourth Edition focuses on providing students with a clear, unified structure for analyzing theories and empirical evidence about the organization of firms and industries. topContents
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.
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- In-depth modern coverage provides a thorough background in microeconomic theory.
- Two-color figures and interior design add to the accessibility and pedagogical effectiveness of the text.
- Practical examples illustrate the role of individual theories in current policy debates.
- Designed for flexibility, this text can be tailored for use with different audiences and includes starred sections and technical appendices that can be used to increase the level of difficulty and depth of coverage.
- Appropriate for use in two-semester courses, Modern Industrial Organization can easily be used for shorter courses by following the suggested course outlines.
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