Industrial Organization: Theory and Practice / Edition 3

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We wrote this book to help students learn about industrial organization. As the field of industrial organization has changed over the past two decades, the industrial organization courses we teach at Colgate University and Hamilton College have evolved as well; this book reflects much of what we have learned by teaching. Industrial organization has moved from being primarily empirically oriented to relying more extensively on sophisticated theoretical models. In keeping with this change, this text uses game theory as a unifying method of analysis of firm and industry conduct. Yet, as the transition from an empirical to a theoretical orientation has occurred, we have feared a loss of the valuable empirical tradition on which the field has been built. Over time we have become convinced that our students have learned best when we presented them with both the modern theory of industrial organization and an array of empirical examples of industry behavior and performance.
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Product Details

  • ISBN-13: 9780321376107
  • Publisher: Prentice Hall
  • Publication date: 8/8/2006
  • Series: Pearson Custom Business Resources Series
  • Edition description: REV
  • Edition number: 3
  • Pages: 736
  • Product dimensions: 7.40 (w) x 9.10 (h) x 1.60 (d)

Table of Contents

1 Introduction 1
2 The firm and its costs 17
3 Competition and monopoly 51
4 Market structure 88
5 Monopoly practices 143
6 Market power and performance : the empirical evidence 161
7 Game theory : a framework for understanding oligopolistic behavior 207
8 The development of oligopoly theory 230
9 Collusion : the great prisoner's dilemma 266
10 Cartels in action 303
11 Oligopoly behavior : entry and pricing to deter entry 335
12 Oligopoly behavior : entry and nonpricing strategies to deter entry 372
13 Product differentiation and advertising 416
14 Technological change and research and development 469
15 Price discrimination 515
16 Vertical integration and vertical relationships 562
17 Regulation and deregulation 606
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