Industrial Organization in Context

Description

Industrial Organization in Context examines the economics of markets, industries and their participants and public policy towards these entities. It takes an international approach and incorporates discussion of experimental tests of economic models.

• Emphasises the policy questions implicit in Industrial Organization, examining both EU Competition Policy and US Antitrust, making the book suitable for policy-oriented modules.
• Economic history and the history of economic thought are discussed, where relevant, so that students can understand where we are today by appreciating how we got here.
• Discussion of experimental tests of economic models makes it possible to incorporate classroom tests into modules.
• Classic and contemporary examples are used throughout and are designed to show the key theories examined in the book in action.

About the Author(s)

Stephen Martin, Professor of Economics, Krannert School of Management, Purdue University, USA.

Table of Contents

1:Introduction
2:Basic Market Models
3:Oligopoly I: Basic Models
4:Oligopoly II: Address Models
5:Oligopoly III: Evidence
6:Collusion: Economics
7:Dominant Firms
8:Price Discrimination
9:Market Structure
10:Firms and Firm Structure
11:Mergers
12:Interfirm Contracts
13:Advertising, Information, and Sales
14:Innovation
15:Promoting Innovation
16:Imperfectly Competitive International Markets
17:Market Integration in the European Union
18:U.S. Antitrust: Background
19:EU Competition Policy: Background
20:Collusion and Cooperation: Public Policy
21:Monopolization and Dominance
22:Merger Policy
23:Public Policy Toward Price Discrimination
24:Vertical Restraints
25:Antitrust, Competition Policy, and Intellectual Property
26:Are Antitrust and Competition Policy Worth It?
Appendices
Appendix I: Industry Classification Schemes
Appendix II: Just the Math Used in this Book
References

Reviews

The author has a delightful writing style, all the time making clear why he comes at the problems from a historical perspective. - Barry Keating, University of Notre Dame

The extensive coverage of both regulation and 10 topics in one book is rare. One always needs to supplement when teaching one or the other. This book fills that need. - Paroma Sanyal, Brandeis University

This is a very good text. It reads well and, importantly, it has the distinctive quality of providing a substantial amount of institutional and empirical material. This is invaluable in conveying to the reader the relevance of economic analysis. - R. Rothschild, Lancaster University

The book is up-to-date, it addresses issues that are important in the economy of the 21st century, and it does this integrating historial points, formal models and practical examples. A good all-round 10 book. - Laszlo A. Koczy, Obuda University, Budapest

Additional Resources

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