Industrial Organization
eBook - PDF

Industrial Organization

Markets and Strategies

Paul Belleflamme, Martin Peitz

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eBook - PDF

Industrial Organization

Markets and Strategies

Paul Belleflamme, Martin Peitz

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About This Book

Thoroughly revised according to classroom feedback, Industrial Organization: Markets and Strategies offers an up-to-date and rigorous presentation of modern industrial organization that blends theory with real-world applications and derives implications for firm strategy and competition policy. This comprehensive textbook acquaints readers with the most important models for understanding strategies chosen by firms with market power and shows how such firms adapt to different market environments. The second edition includes new and revised formal models and case studies. Formal models are presented in detail, and analyses are summarized in 'lessons' which highlight the main insights. Theories are complemented by numerous real-world cases that engage students and lead them to connect theories to real situations. Chapters include review questions, exercises, and suggestions for further reading to enhance the learning experience, and an accompanying website offers additional student exercises, as well as teaching slides.

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Information

Year
2015
ISBN
9781316309513
Edition
2
2
Getting
started
Before
we
fully
engage
in
the
analysis
of
markets
and
strategies,
we
devote
the
ļ¬rst
part
of
the
book
to
a
number
of
preliminaries.
In
Chapter
1
,
we
provide
a
roadmap
as
well
as
some
instructions
about
how
to
use
the
book.
In
Chapter
2
,
we
present
the
players
in
a
market,
namely
ļ¬rms
(that
is,
sellers)
and
consumers
(that
is,
buyers).
We
elaborate
on
the
hypothesis
that
ļ¬rms
maximize
proļ¬ts
and
that
consumers
maximize
utility.
A
large
part
of
the
exposition
can
be
seen
as
health
warnings
which
should
be
kept
in
mind
when
consuming
the
book.
We
then
start
the
analysis
of
market
interaction
and
provide
some
prototypes
of
markets,
ranging
from
perfectly
competitive
to
monopolistic
markets.
This
provides
a
ļ¬rst
glance
at
ļ¬rm
strategy
in
market
environments.
While
this
is
only
a
ļ¬rst
look
at
such
markets,
it
is
hopefully
useful
material
to
refresh
the
knowledge
that
has
been
gained
from
some
microeconomics
lectures.
Once
you
have
worked
through
these
ļ¬rst
two
chapters,
you
will
be
ready
to
start
the
real
thing.

Table of contents