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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... competing theories. The Chicago tradition had an important methodological impact on the development of the field; it is also famous for its very permissive view of market behavior—for instance with respect to vertical restraints and ...
... competing theories. But it definitely has practical content. Furthermore, the theoretical contributions should soon feed back to empirical analysis.8 They suggest what evidence to look for, separate the endogenous from the exogenous ...
... competing models might be distinguished. However, I hope that the presentation of the models is intuitive enough to highlight their testable features. Scope. of. the. Book. The book does not cover the empirical side of the field (including ...
... compete ex post on quality. This raises the equilibrium level of quality and the ex ante investment. Competition can thus alleviate the ex post bilateral monopoly problem and raise efficiency. Farrell and Gallini and Shepard argue that ...
... competing firms. With authority the result stems from nonverifiability, and does not rely on the correlation of the technologies, and the comparison is made within a group of agents overseen by a principal. The potential applications of ...