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Written by two of the field's most respected researchers, Modern Industrial Organization goes beyond the traditional structure-conduct-performance framework by using the latest advances in microeconomic theory, including transaction cost analysis, game theory, contestability, and information economics.
Fully updated to reflect new trends and topics, the Fourth Edition focuses on providing students with a clear, unified structure for analyzing theories and empirical evidence about the organization of firms and industries.
MyEconLab not included. Students, if MyEconLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyEconLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.
MyEconLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts. Features + Benefits
This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.
● In-depth modern coverage provides a thorough background in microeconomic theory.
● Two-color figures and interior design add to the accessibility and pedagogical effectiveness of the text.
● Practical examples illustrate the role of individual theories in current policy debates.
● Designed for flexibility, this text can be tailored for use with different audiences and includes starred sections and technical appendices that can be used to increase the level of difficulty and depth of coverage.
● Appropriate for use in two-semester courses, Modern Industrial Organization can easily be used for shorter courses by following the suggested course outlines.
MyEconLab not included. Students, if MyEconLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyEconLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. I. INTRODUCTION AND THEORY
1. Overview
2. The Firm and Costs
II. MARKET STRUCTURES
3. Competition
4. Monopolies, Monopsonies, and Dominant Firms
5. Cartels
6. Oligopoly
7. Product Differentiation and Monopolistic Competition
8. Industry Structure and Performance
III. BUSINESS PRACTICES: STRATEGIES AND CONDUCT
9. Price Discrimination
10. Advanced Topics in Pricing
11. Strategic Behavior
12. Vertical Integration and Vertical Restrictions
IV. INFORMATION, ADVERTISING, AND DISCLOSURE
13. Information
14. Advertising and Disclosure
V. DYNAMIC MODELS AND MARKET CLEARING
15. Decision Making Over Time: Durability
16. Patents and Technological Change
17. How Markets Clear: Theory and Facts
VI. GOVERNMENT POLICIES AND THEIR EFFECTS
18. International Trade
19. Antitrust Laws and Policy
20. Regulation and Deregulation
Fully updated to reflect new trends and topics, the Fourth Edition focuses on providing students with a clear, unified structure for analyzing theories and empirical evidence about the organization of firms and industries.
MyEconLab not included. Students, if MyEconLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyEconLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information.
MyEconLab is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts. Features + Benefits
This title is a Pearson Global Edition. The Editorial team at Pearson has worked closely with educators around the world to include content, which is especially relevant to students outside the United States.
● In-depth modern coverage provides a thorough background in microeconomic theory.
● Two-color figures and interior design add to the accessibility and pedagogical effectiveness of the text.
● Practical examples illustrate the role of individual theories in current policy debates.
● Designed for flexibility, this text can be tailored for use with different audiences and includes starred sections and technical appendices that can be used to increase the level of difficulty and depth of coverage.
● Appropriate for use in two-semester courses, Modern Industrial Organization can easily be used for shorter courses by following the suggested course outlines.
MyEconLab not included. Students, if MyEconLab is a recommended/mandatory component of the course, please ask your instructor for the correct ISBN and course ID. MyEconLab should only be purchased when required by an instructor. Instructors, contact your Pearson representative for more information. I. INTRODUCTION AND THEORY
1. Overview
2. The Firm and Costs
II. MARKET STRUCTURES
3. Competition
4. Monopolies, Monopsonies, and Dominant Firms
5. Cartels
6. Oligopoly
7. Product Differentiation and Monopolistic Competition
8. Industry Structure and Performance
III. BUSINESS PRACTICES: STRATEGIES AND CONDUCT
9. Price Discrimination
10. Advanced Topics in Pricing
11. Strategic Behavior
12. Vertical Integration and Vertical Restrictions
IV. INFORMATION, ADVERTISING, AND DISCLOSURE
13. Information
14. Advertising and Disclosure
V. DYNAMIC MODELS AND MARKET CLEARING
15. Decision Making Over Time: Durability
16. Patents and Technological Change
17. How Markets Clear: Theory and Facts
VI. GOVERNMENT POLICIES AND THEIR EFFECTS
18. International Trade
19. Antitrust Laws and Policy
20. Regulation and Deregulation