Industrial Organization: Theory and Practice (4e)

Written solely for the undergraduate audience, Industrial Organization: Theory and Practice–which features early coverage of Antitrust–punctuates its modern introduction to industrial organization with relevant empirical data and case studies to show students how to apply theoretical tools.

PART I: THE BASICS OF INDUSTRIAL ORGANIZATION
Chapter 1: Introduction  
Chapter 2: The Firm and Its Costs  
Chapter 3: Competition and Monopoly  
Chapter 4: Market Structure  
Chapter 5: Monopoly Practices  
Chapter 6: Empirical Industrial Organization  
PART II: MODERN INDUSTRIAL ORGANIZATION: GAME THEORY AND STRATEGIC BEHAVIOR
Chapter 7: Game Theory: A Framework for Understanding Oligopolistic Behavior  
Chapter 8: The Development of Theory  
Chapter 9: Collusion: The Great Prisoner’s Dilemma  
Chapter 10: Cartels in Action  
Chapter 11: Oligopoly Behavior: Entry and Pricing to Deter Entry  
Chapter 12: Oligopoly Behavior: Entry and Nonpricing Strategies to Deter Entry  
PART III: BUSINESS PRACTICES
Chapter 13: Product Differentiation
Chapter 14: Advertising    
Chapter 15: Technological Change and Research and Development  
Chapter 16: Price Discrimination  
Chapter 17: Vertical Integration and Vertical Relationships  
Chapter 18: Regulation and Deregulation  

Industrial Organization, Fourth Edition by Don E. Waldman and Elizabeth J. Jensen, is written with the needs of the undergraduate student in mind. The authors focus on providing a comprehensive, theoretically up to-date text rich in empirical examples of interest to students.

 

Revised and updated material:

 

• Previous Edition Chapter 13 has been split into two chapters:
  • The NEW Chapter 13 focuses exclusively on product differentiation and includes a discussion of spacial models of product differentiation.
  • The NEW Chapter 14 focuses on advertising and includes a new section on the relationship between advertising and quality, and a new section on the impact of advertising on conduct and performance.
• Chapter 5 features an expanded discussion of network economics
• Chapter 6 features a revised discussion of the empirical literature to expand the discussion of the new empirical IO.
• Chapter 8 includes coverage of the Bertrand-Edgeworth model
• Chapter 9 now includes models of trigger prices under conditions of uncertainty.
• Chapter 15 features an expanded empirical section on technology and patents to incorporate the use of patent citations
• Chapter 17 features an expanded discussion of vertical relationships
• Chapter 18 features a new section on financial market regulation and a streamlining of dated material.
• Empirical examples and applications have been updated throughout

Industrial Organization, Fourth Edition by Don E. Waldman and Elizabeth J. Jensen, is written with the needs of the undergraduate student in mind. The authors focus on providing a comprehensive, theoretically up to-date text rich in empirical examples of interest to students.

 

 

• Theoretical coverage is modern and less rooted in the Structure Conduct Performance approach.
• The authors provide up-to-date coverage of merger history, firms’ motives for mergers, and the effects of mergers on competition and welfare, and empirical evidence on mergers.
• Case studies and relevant applications help undergraduate students grasp the close connection between theory and the real world, and gain insight into public policy issues such as antitrust, regulation, deregulation, and international trade.
• Aimed solely at an undergraduate audience, Waldman/Jensen does not use calculus except rarely in appendices.

 

• Companion Website for Industrial Organization: Theory and Practice
  http://wps.aw.com/aw_waldman_io_4/231/59312/15184055.cw/index.html