The Theory of Industrial Organization

Description

The Theory of Industrial Organization is the first primary text to treatthe new industrial organization at the advanced-undergraduate and graduate level.Rigorously analytical and filled with exercises coded to indicate level ofdifficulty, it provides a unified and modern treatment of the field with accessiblemodels that are simplified to highlight robust economic ideas while working at anintuitive level.To aid students at different levels, each chapter is divided into amain text and supplementary section containing more advanced material. Each chapteropens with elementary models and builds on this base to incorporate current researchin a coherent synthesis.Tirole begins with a background discussion of the theory ofthe firm. In part I he develops the modern theory of monopoly, addressing singleproduct and multi product pricing, static and intertemporal price discrimination, quality choice, reputation, and vertical restraints.In part II, Tirole takes upstrategic interaction between firms, starting with a novel treatment of theBertrand-Cournot interdependent pricing problem. He studies how capacityconstraints, repeated interaction, product positioning, advertising, and asymmetricinformation affect competition or tacit collusion. He then develops topics having todo with long term competition, including barriers to entry, contestability, exit, and research and development. He concludes with a "game theory user's manual" and asection of review exercises.Jean Tirole is a Professor of Economics at MIT The Theory of Industrial Organization is the first primary text to treatthe new industrial organization at the advanced-undergraduate and graduate level.Rigorously analytical and filled with exercises coded to indicate level ofdifficulty, it provides a unified and modern treatment of the field with accessiblemodels that are simplified to highlight robust economic ideas while working at anintuitive level.To aid students at different levels, each chapter is divided into amain text and supplementary section containing more advanced material. Each chapteropens with elementary models and builds on this base to incorporate current researchin a coherent synthesis.Tirole begins with a background discussion of the theory ofthe firm. In part I he develops the modern theory of monopoly, addressing singleproduct and multi product pricing, static and intertemporal price discrimination, quality choice, reputation, and vertical restraints.In part II, Tirole takes upstrategic interaction between firms, starting with a novel treatment of theBertrand-Cournot interdependent pricing problem. He studies how capacityconstraints, repeated interaction, product positioning, advertising, and asymmetricinformation affect competition or tacit collusion. He then develops topics having todo with long term competition, including barriers to entry, contestability, exit, and research and development. He concludes with a "game theory user's manual" and asection of review exercises.Jean Tirole is a Professor of Economics at MIT

Features

• Title : The Theory of Industrial Organization
• Author : Jean Tirole
• Publisher : MIT Press (MA)
• ISBN : 0262200716
• EAN : 9780262200714
• Binding : Hardcover
• Number Of Pages : 479
• Language : English

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