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Industrial Organization: Theory and Practice blends a rigorous theoretical introduction to industrial organization with empirical data, real-world applications and case studies. The book also supports students with a range of problems and exercises, and definitions of key terms and concepts. This balanced approach, which enables students to apply theoretical tools, has earned this book its ranking as one of the leading undergraduate texts in its field. For the fifth edition, relevant data, tables, empirical examples and case studies have been updated to reflect current trends and topics, in the most complete reorganization since the second edition. Further changes include: all public policy topics have been placed in the last section, making it simpler to use for courses that emphasize theory or public policy;an entirely new chapter on international trade and industrial organization;a new chapter on mergers;a separate section on antitrust;a companion website with PowerPoint slides and other supplements. This comprehensive book bridges the gap between economic theory and real-world case studies in an accessible, logical manner, making it the ideal undergraduate text for courses on industrial organization.
List of contents
Part One: The Basics of Industrial Organization 1. Introduction 2. The Firm and Its Costs 3. Competition and Monopoly 4. Market Structure 5. Mergers Part Two: Modern Industrial Organization: Game Theory and Strategic Behavior 6. Game Theory: A Framework for Understanding Oligopolistic Behavior 7. The Development of Theory 8. Monopoly Practices 9. Price Discrimination 10. Product Differentiation 11. Advertising 12. Vertical Integration and Vertical Relationships 13. Collusion: The Great Prisoner’s Dilemma 14. Oligopoly Behavior: Entry and Pricing to Deter Entry 15. Oligopoly Behavior: Entry and Nonpricing Strategies to Deter Entry Part Three: Business Practices 16. Technological Change and Research and Development 17. Antitrust: The Laws and Policy Toward Market Power 18. Antitrust: Collusion 19. Antitrust: Mergers20. Antitrust: Price Discrimination 21. Antitrust: Public Policy Toward Vertical Restraints of Trade and Group Boycotts 22. International Economics and Industrial Organization 23. Regulation and Deregulation Answers to Odd-Numbered Problems Index
About the author
Don E. Waldman is Richard M. Kessler Professor of Economic Studies at Colgate University, USA.
Elizabeth J. Jensen is Professor of Economics at Hamilton College, USA.
Summary
Industrial Organization: Theory and Practice blends a rigorous theoretical introduction to industrial organization with empirical data, real-world applications and case studies. The book also supports students with a range of problems and exercises, and definitions of key terms and concepts. This balanced approach, which enables students to apply theoretical tools, has earned this book its ranking as one of the leading undergraduate texts in its field.
For the fifth edition, relevant data, tables, empirical examples and case studies have been updated to reflect current trends and topics, in the most complete reorganization since the second edition. Further changes include:
all public policy topics have been placed in the last section, making it simpler to use for courses that emphasize theory or public policy;
an entirely new chapter on international trade and industrial organization;
a new chapter on mergers;
a separate section on antitrust;
a companion website with PowerPoint slides and other supplements.
This comprehensive book bridges the gap between economic theory and real-world case studies in an accessible, logical manner, making it the ideal undergraduate text for courses on industrial organization.
Additional text
This is an updated comprehensive industrial organization textbook that combines theory, empirical examples, and policy applications. It brings out connections between theory and the real world, and makes complicated models accessible. A perfect pedagogical companion for professors and undergraduate students.
– Gamal Atallah, Associate Professor, University of Ottawa, Canada
Students appreciate the way this textbook carefully explains the relevant economic theories, and then shows how these theories can help us understand corporate behavior and analyze court decisions in antitrust cases.
– William J. Field, Professor of Economics & Management, DePauw University
