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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... managers of a business firm may, in the long run, identify with particular suppliers.40 The possibility that such collusion will create inefficiencies calls for the rotation of personnel within each unit, or, when that is costly ...
... manager may have a recognized authority to choose whether secretaries use typewriters or word processors, but not to require secretaries to use word processors with sight-damaging screens. The Department of Defense may have the ...
... manager, say) with powers of arbitration. Another possible safety valve against the abuse of authority is to allow the party without authority to terminate the relationship, so that, ex post, he has the authority to reject the other ...
... manager's assessment of the difficulty in learning the ins and outs of the company, the nature of the product, the nature of the consumers, and so forth) is negatively related to the probability of using independent representatives.57 ...
... managers have other objectives (e.g., maximizing the firm's size and growth and the perquisites of the managerial position).60 This section presents arguments for and against the profit-maximization hypothesis. It also discusses the ...