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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... decreases with its price and that changes in consumer welfare can be measured by the so-called consumer surplus. First, the notion of consumer surplus: Consider the market for a single good. The demand for this good is assumed to decrease ...
... decrease. Such economies of scale, related to the volume of a single product, are called product-specific economies. In this category we could include, although it is not customary to do so, the so-called economies of massed reserves ...
... decreasing if C(q) < 0 for all possible q. Average costs are strictly decreasing if, for all q1 and q2 such that 0 < q1 < q2, C(q2) q2 < C(q q1 1) . The cost function is said to be strictly subadditive if, for any n-tuple of outputs q1 ...
... decreasing marginal costs imply everywhere-decreasing average costs,15 and everywhere-decreasing average costs imply subadditivity.16 The converses of these two propositions are, however, false. (See figure 2a for a counterexample to ...
... decreasing rate). Let v denote the (deterministic) value. To simplify, assume that v ⩾ c(0). Let the price be ex post determined by the Nash bargaining solution: p(I)=[c(I) + v]/2 (so that v − p(I) = p(I) − c(I)), once I has been ...