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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... unit of the good, a consumer faces a price that is socially the “right one” and internalizes the cost of producing this extra unit. This is part of the intuition behind the Pareto optimality of competitive equilibrium. The first ...
... units of the good. The reasoning is most simply explained when the demand curve is made up of a large number of “unit demands.” That is, there are many consumers, who purchase either 0 or 1 unit of the goods. The consumers are ...
... unit demands. That is, he is willing to pay v1 for the first unit purchased, v2 for the second, and so forth. Overall, his net surplus from consuming q0 units of the good at price p0 is given by equation 1. From now on, we will consider ...
... unit tax t on each unit sold. The new equilibrium has price p1 and consumption q1. The welfare loss, equal to the difference in total surplus between the two situations, can be measured by the area of the horizontally hatched triangle ...
... unit increase in ph costs the consumer Dh units of income, which affects the demand for good h by ∂Dh/∂I each. Consider a single price change (that of good h, say). It is easily seen that the equivalent (respectively, compensating) ...