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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... equation 1. From now on, we will consider a single consumer. Only later will we come back to multiple consumers. The changes in net and gross consumer surplus when the consumer price moves from p0 to p1 are defined by the following ...
... equation 3 does not always define a unique number. The integral in general depends on the path of integration from the initial price p0 to the final price p1, as is easily checked. It is path independent (and thus well defined) only if ...
... equation. Singling out a good h, we have ∂Dh∂p h = ∂Dc∂p h h − Dh∂D∂Ih . That is, the change in a good's demand brought about by a unit change in own price is the sum of two terms. The first is the derivative of the compensated ...
... equation suggests that the discrepancy between consumer surplus and Hicksian variations is small when income effects are small. Willig (1976) provides bounds on the percentage error made by approximating the Hicksian variations by the ...
... Equation 1 says that an increase in price from p to p + dp yields extra profits dp with probability 1 – F(p) and leads to a loss of trade, and hence to a loss of net profit p – c with probability f(p)dp. At the optimum, these two ...