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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... strategy and internal organization). This business-strategy aspect may explain why a few of the outstanding contributors in the area have appointments in business schools. But there is more to IO than business strategy. The other side ...
... strategic variables in oligopoly. It makes heavy use of some elementary notions of game theory. I have found this division into two parts useful for teaching purposes. Ignoring strategic considerations for a few weeks allows the student ...
... strategy. When charged price pt at date t, buyers with valuations exceeding β(pt) buy (if they have not yet done so) whereas those with valuation under β(pt) do not, where β(·) is an increasing function and β(pt) > pt for all p t > 0 ...
... strategies: to cater only to his goodwill (first-period) customers and to try to reach new customers. Let us start with the first strategy. The marginal consumer in period 1 has parameter ̃p1 = pm( ̃c) ⩾ pm(c). Since the first-period ...
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