Introduction to Industrial Organization, second edition / Edition 2 available in Hardcover, eBook
Introduction to Industrial Organization, second edition / Edition 2
- ISBN-10:
- 0262035944
- ISBN-13:
- 9780262035941
- Pub. Date:
- 03/03/2017
- Publisher:
- MIT Press
- ISBN-10:
- 0262035944
- ISBN-13:
- 9780262035941
- Pub. Date:
- 03/03/2017
- Publisher:
- MIT Press
Introduction to Industrial Organization, second edition / Edition 2
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Overview
The study of industrial organization (IO)—the analysis of the way firms compete with one another—has become a key component of economics and of such related disciplines as finance, strategy, and marketing. This book provides an issue-driven introduction to industrial organization. Although formal in its approach, it is written in a way that requires only basic mathematical training. It includes a vast array of examples, from both within and outside the United States. This second edition has been thoroughly updated and revised.
In addition to updated examples, this edition presents a more systematic treatment of public policy implications. It features added advanced sections, with analytical treatment of ideas previously presented verbally; and exercises, which allow for a deeper and more formal understanding of each topic. The new edition also includes an introduction to such empirical methods as demand estimation and equilibrium identification. Supplemental material is available online.
Product Details
ISBN-13: | 9780262035941 |
---|---|
Publisher: | MIT Press |
Publication date: | 03/03/2017 |
Series: | The MIT Press |
Edition description: | second edition |
Pages: | 440 |
Sales rank: | 866,458 |
Product dimensions: | 8.10(w) x 9.30(h) x 1.00(d) |
Age Range: | 18 Years |
About the Author
Table of Contents
Preface ix
Acknowledgments x
Chapter 1 What is Industrial Organization? 1
1.1 An example 2
1.2 Central questions 3
1.3 Coming next… 9
Part 1 $$$
Chapter 2 Consumers 15
2.1 Consumer preferences and demand 15
2.2 Demand elasticity 19
2.3 Estimating the demand curve 26
2.4 Are consumers really rational? 29
Chapter 3 Firms 35
3.1 The firm's production, cost, and supply functions 36
3.2 Pricing 43
3.3 Do firms maximize profits? 52
3.4 What determines a firm's boundaries? 54
3.5 Why are firms different? 56
Chapter 4 Competition, Equilibrium, and Efficiency 67
4.1 Perfect competition 67
4.2 Competitive selection 74
4.3 Monopolistic competition 79
4.4 Efficiency 81
Chapter 5 Market Failure and Public Policy 93
5.1 Externalities and market failure 93
5.2 Imperfect information 99
5.3 Monopoly 102
5.4 Regulation 107
5.5 Competition policy and antitrust 109
5.6 Firm regulation 110
Chapter 6 Price Discrimination 121
6.1 Selection by indicators 125
6.2 Self selection 130
6.3 Non-linear pricing 135
6.4 Auctions and negotiations 140
6.5 Is price discrimination legal? Should it be? 144
Part 2 $$$
Chapter 7 Games and Strategies 159
7.1 Nash equilibrium 161
7.2 Sequential games 167
7.3 Repeated games 172
7.4 Information 174
Chapter 8 Oligopoly 185
8.1 The Bertrand model 186
8.2 The Cournot model 194
8.3 Bertrand vs. Cournot 200
8.4 The models at work: comparative statics 202
Chapter 9 Collusion and Price Wars 217
9.1 Stability of collusive agreements 218
9.2 Price wars 222
9.3 Factors that facilitate collusion 227
9.4 Empirical analysis of cartels and collusion 232
9.5 Public policy 234
Part 3 $$$
Chapter 10 Market Structure 251
10.1 Entry costs and market structure 253
10.2 Endogenous vs. exogenous entry costs 260
10.3 Intensity of competition, market structure, and market power 264
10.4 Entry and welfare 269
10.5 Entry regulation 273
Chapter 11 Horizontal Mergers 281
11.1 Economic effects of horizontal mergers 282
11.2 Horizontal merger dynamics 288
11.3 Horizontal merger policy 292
Chapter 12 Market Foreclosure 303
12.1 Entry deterrence 304
12.2 Exclusive contracts, bundling, and foreclosure 312
12.3 Predatory pricing 317
12.4 Public policy towards foreclosure 320
Part 4 $$$
Chapter 13 Vertical Relations 333
13.1 Vertical integration 334
13.2 Vertical restraints 340
13.3 Public policy 342
Chapter 14 Product Differentiation 349
14.1 Demand for differentiated products 350
14.2 Competition with differentiated products 354
14.3 Advertising and branding 362
14.4 Consumer behavior and firm strategy 368
14.5 Public policy 371
Chapter 15 Innovation 377
15.1 Market structure and innovation incentives 381
15.2 Diffusion of knowledge and innovations 383
15.3 Innovation strategy 385
15.4 Public policy 391
Chapter 16 Networks 399
16.1 Chicken and egg 401
16.2 Innovation adoption with network effects 405
16.3 Firm strategy 414
16.4 Public policy 419
Index 427
What People are Saying About This
Cabral's Introduction to Industrial Organization is clear, precise, relevant, even fun. This delightful volume is your best choice for crisp and accessible coverage of IO theory. The second edition sparkles just like the first.
This book seems destined to become a leading text in the field. It contains extremely good motivating examples from several countries, and is the first book successfully to incorporate a modern discussion of the determinants of market structure. I intend to adopt it.
Introduction to Industrial Organization is a rare commodity: an intellectually rigorous textbook that is elegant, concise, and a pleasure to read. Cabral manages to communicate difficult ideas precisely while keeping the focus squarely on issues that matter for the real world. It is the ideal introduction for undergraduates, MBA students, or anyone else looking for a non-technical overview of the field.
This is a wonderful textbook: concise, precise, and full of up-to-date examples. If you are looking for an intuitive treatment of industrial organization that is rigorous and yet doesn't bog you down in excessive detail, this is a great choice.
Cabral introduces the theoretical ideas and frameworks of contemporary IO expertly, succinctly, and with flair. Motivating examples and stylized facts bring the theories alive. The new edition of Introduction to Industrial Organization updates and improves the organization of the first, while keeping its expository charms.
Cabral's Introduction to Industrial Organization is clear, precise, relevant, even fun. This delightful volume is your best choice for crisp and accessible coverage of I.O. theory.
Carl Shapiro, Transamerica Professor of Business Strategy, Haas School of Business, University of California at BerkeleyIndustrial organization has needed a book like this. This articulate exposition of the subject by Luis Cabral, who has himself made many important contributions to the field, will be invaluable to all students of industrial organization.
This is destined to be a leading text both for traditional courses in industrial organization and for courses on the economics of management strategy. It is rigorous without being intimidating and clear without being superficial.
Luis Cabral has updated his industrial organization textbook. The revision retains the strengths of the original: it is clear and succinct, with an emphasis on how the field addresses important applications. The many new examples ensure the relevance of the material.
Robert Porter, William R. Kenan Jr. Professor of Economics, Northwestern University; coeditor of Handbook of Industrial OrganizationIntroduction to Industrial Organization is a rare commodity: an intellectually rigorous textbook that is elegant, concise, and a pleasure to read. Cabral manages to communicate difficult ideas precisely while keeping the focus squarely on issues that matter for the real world. It is the ideal introduction for undergraduates, MBA students, or anyone else looking for a non-technical overview of the field.
Matthew Gentzkow, Professor of Economics, Stanford UniversityCabral's Introduction to Industrial Organization is clear, precise, relevant, even fun. This delightful volume is your best choice for crisp and accessible coverage of IO theory. The second edition sparkles just like the first.
Carl Shapiro, Transamerica Professor of Business Strategy, Haas School of Business, University of California at BerkeleyThis is a wonderful textbook: concise, precise, and full of up-to-date examples. If you are looking for an intuitive treatment of industrial organization that is rigorous and yet doesn't bog you down in excessive detail, this is a great choice.
Ali Hortacsu, Ralph and Mary Otis Isham Professor of Economics, University of ChicagoLuis Cabral's book covers all the basic topics in Industrial Organization in an easily accessible way. It is a perfect exposition for an undergraduate class or for a professional who wants to become acquainted with the topics IO deals with and why they are important. He has done the field a great service.
Ariel Pakes, Thomas Professor of Economics, Harvard University; editor, Microeconomic InsightsCabral introduces the theoretical ideas and frameworks of contemporary IO expertly, succinctly, and with flair. Motivating examples and stylized facts bring the theories alive. The new edition of Introduction to Industrial Organization updates and improves the organization of the first, while keeping its expository charms.
Michael H. Riordan, Laurans A. Arlene Mendelson Professor of Economics, Columbia UniversityLuis Cabral's book covers all the basic topics in Industrial Organization in an easily accessible way. It is a perfect exposition for an undergraduate class or for a professionalwho wants to become acquainted with the topics IO deals with and why they are important. He has done the field a great service.
Luis Cabral has updated his industrial organization textbook. The revision retains the strengths of the original: it is clear and succinct, with an emphasis on how the field addresses important applications. The many new examples ensure the relevance of the material.