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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... substitute for a more formal course in game theory. Rather, it is designed to point out the relevant concepts and to familiarize the reader with their use. A separate course in game theory would be useful, but it is by no means a ...
... substitutes, then virtually all markets would be served by a single firm—firms produce goods that are at least slightly differentiated (either physically or in terms of location, availability, consumer information, or some other factor) ...
... substitutes, and the substitutes for these substitutes, and so on, until one finds a Introduction 33.
Jean Tirole. for these substitutes, and so on, until one finds a significant gap in the chain of substitutes. These gaps, she asserted, define the boundaries of the market around this good. This definition has several drawbacks. First ...
... substitutes. (They also usually contain provisions for arbitration in case of disputes.) This ex ante specification of the terms of the contract may well prevent specific investments from being expropriated. 1.4. The. Firm. as. an.