The Theory of Industrial OrganizationMIT Press, 1988 M08 26 - 496 páginas 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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... sell) more efficiently than would its constituent parts acting separately. These definitions thus entail very explicit optimizing approaches. The behavior of firms is not a simple matter, either. There are many ways in which business ...
... sell a given product in different markets at different prices. This raises the possibility of arbitrage among the retailers serving these markets. To avoid arbitrage, the manufacturer may integrate into distribution and serve the low ...
... the characteristics of which are specific (dedicated) to a buyer's particular order (as is often the case with machine tools), or when a buyer spends money and effort to sell or promote a final product before 1. WHAT IS A FIRM? 55.
Jean Tirole. and effort to sell or promote a final product before an intermediate good used to produce this final product is delivered by the supplier (as when a concert organizer rents a concert hall before the singer performs), or when ...
... efficient? What if the supplier has the right to sell at a given price? (iv) What happens if the supplier is given the right to choose the price ex post? Remark The preceding discussion suggests that v and c be 68 THE THEORY OF THE FIRM.