The Theory of Industrial OrganizationMIT Press, 26/08/1988 - 496 من الصفحات The Theory of Industrial Organization is the first primary text to treat the new industrial organization at the advanced-undergraduate and graduate level. Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of the field with accessible models that are simplified to highlight robust economic ideas while working at an intuitive level. To aid students at different levels, each chapter is divided into a main text and supplementary section containing more advanced material. Each chapter opens with elementary models and builds on this base to incorporate current research in a coherent synthesis. Tirole begins with a background discussion of the theory of the firm. In Part I he develops the modern theory of monopoly, addressing single product and multi product pricing, static and intertemporal price discrimination, quality choice, reputation, and vertical restraints. In Part II, Tirole takes up strategic interaction between firms, starting with a novel treatment of the Bertrand-Cournot interdependent pricing problem. He studies how capacity constraints, repeated interaction, product positioning, advertising, and asymmetric information affect competition or tacit collusion. He then develops topics having to do with long term competition, including barriers to entry, contestability, exit, and research and development. He concludes with a "game theory user's manual" and a section of review exercises. Important Notice: The digital edition of this book is missing some of the images found in the physical edition. |
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... capital sunk, existence of a learning curve, durable versus nondurable good, etc.), preferences and consumer behavior (structure of information about product quality, reputation and brand loyalty, etc.), “exogenous” technological change ...
... capital market are assumed away. Delegation and control within a firm are also ignored. The preliminary chapter on the theory of the firm discusses these assumptions. Some allusions are made to agency problems in chapters 4 and 9 ...
... Capital, second edition. Oxford University Press. Hildenbrand, W. 1983. On the Law of Demand. Econometrica 51: 997–1019. Hopenhayn, H. 1986. A Competitive Stochastic Model of Entry and Exit to an Industry. Mimeo, University of Minnesota ...
... capital markets) are reviewed, and the profit-maximization postulate is then discussed. 1. What. Is. a. Firm? In subsections 1.2–1.4 we shall examine three views of the firm as a cost-minimizing device. Before doing so, however, let us ...
... capital. Site specificity is associated with the gain in trading with a nearby supplier or buyer. For instance, in the steel industry, the integration of smelting (upstream) and laminating (downstream) operations affords a reduction in ...