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This undergraduate text provides a real-world approach that integrates game theory with more traditional industrial organisation coverage without the use of calculus.
The study of industrial organization extends to the core of some of the most important questions of economics: Who controls markets and profits from them? Does competition or monopoly result in a more beneficial economy? How can the economic playing field become fairer or more biased in either direction? Throughout the fields history, various clashing schools of thought have attempted to sort through these complex issues, examining both abstract theory and real-life cases. The Fifth Edition of this widely used, highly regarded text includes coverage of dramatic changes in the field. Shepherd and Shepherd provide broad, balanced coverage of topics without showing preference to any single point of view, encouraging readers to think independently. This emphasis on independent judgment is evident throughout the book, with discussion of structure placed before performance to assist the reader in thinking about causation. Topics are organized for maximum flexibility, with distinct chapters covering case studies, antitrust and regulation policy, and capital markets.
This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. 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 readers how to apply theoretical tools.
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 back...
Industrial Organisation: Competition, Strategy, Policy provides a thorough treatment of the core concepts and theories underlying the economics of industrial organization. In this new fifth edition, the authors use an array of empirical examples and case studies to analyse the structure, behaviour and performance of firms and industries.
A text that gets a consistently good reaction from students, Industrial Organization: Competition, Strategy, Policy has a balance of content that is spot-on for courses taught in the UK and the rest of Europe. It is specially written for the growing number of students studying industrial organization at intermediate to advanced undergraduate levels on degree courses in economics, business and management.Praise from adopters of the first edition of this successful text:"my students have been happy with this text...an admirable book" David Paton, Nottingham University, UK"nicely pitched at the intended audience...it covers the course wonderfully" Michael Wood, London South Bank University, UK"...
A revised textbook for students specializing in industrial economics, giving a comprehensive review of recent theoretical and empirical works and emphasizing the need to relate the two to one another.
New forms of organisation and market behaviour are emerging to replace and reshape older forms. This has produced great uncertainty in industrial organization theory. The purpose of this volume is to review and present some of the new approaches developed in industrial organization. The material is organised into four sections: recent approaches to Industrial Organisation, the behaviour of individual firms and the characteristics of industrial systems as a whole, new theories of the firm and market structure and technical progress and market structure - some special issues.