Industrial Organization in Context
Industrial Organization is a central branch of microeconomics that has historically provoked a great deal of debate among economists. Steve Martin draws on this debate and economic history in order to examine the economics of markets, industries and their participants and in doing so addresses the implications for public policy towards business behaviour. Industrial Organization in Context leads students through the essential concepts that are central to understanding the strategic behaviour of firms and the policy questions at the heart of Industrial Organization. It takes an international approach, examining both US Antitrust and EU Competition Policy and their development. Classic and contemporary examples serve to illustrate the theory and experimental tests of models help students to study economic questions. This book is accompanied by an Online Resource Centre which includes: For students: essay questions, links to useful websites, historical timelines For lecturers: Scientific Workplace, slides, instructor manual
What people are saying - Write a review
We haven't found any reviews in the usual places.
advertising agreement average cost behaviour best-response curve bundling buyers cartel cent Clayton Act Commission Commission’s companies competition policy competitors consumer surplus consumers contracts Cournot duopoly customers decision demand curve distribution District Court dominant firm dominant position economic profit effect efficient entrant equilibrium price European export Figure firm 1’s firm’s fixed cost Herfindahl index impact increase incumbent industry innovation input inverse demand investment Lerner index lower price manufacturing marginal cost marginal revenue market integration market performance market power market share market structure maximize merger Microsoft monopolist monopoly number of firms oligopoly patent payoff perfectly competitive period plant potential price discrimination product differentiation profit-maximizing purchase railroad rate of return resale price maintenance reservation prices restraint retail rivals Section sell seller concentration Sherman Act strategic sunk supplier supply Supreme Court tacit collusion trade U.S. antitrust U.S. Steel unit of output violation welfare loss wholesale