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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... consumer surplus. First, the notion of consumer surplus: Consider the market for a single good. The demand for this good is assumed to decrease with its own price and to be independent of the prices of other goods and of the consumers ...
... consumers would be willing to pay in excess of what they already spend (p0q0) for the right to consume q0 units of ... Consumer surplus. Sn is the net consumer surplus. 24 Introduction.
Jean Tirole. Figure 1 Consumer surplus. Sn is the net consumer surplus. The gross consumer surplus, Sg, is equal to the ... consumers with unit demands. That is, he is willing to pay v1 for the first unit purchased, v2 for the second, and ...
... consumer surplus is a good approximation of welfare. Extending the single-consumer case to multiple consumers creates new difficulties. One can, for instance, define the aggregate equivalent variation as the sum of individual equivalent ...
... consumers. These consumers have “willingnesses to pay” or “valuations” v = 1,2,...,7, respectively; v represents the present discounted value of the flow of services from the date of purchase on. Each consumer can derive utility from ...