The Theory of Industrial Organization by Jean Tirole

The Theory of Industrial Organization by Jean Tirole

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 background discussion of the theory of the firm.

In Part I he develops the modern theory of monopoly, addressing single product and multi product pricing, static and intertemporal price discrimination, quality choice, reputation, and vertical restraints. In Part II, Tirole takes up strategic interaction between firms, starting with a novel treatment of the Bertrand-Cournot interdependent pricing problem. He studies how capacity constraints, repeated interaction, product positioning, advertising, and asymmetric information affect competition or tacit collusion. He then develops topics having to do with long term competition, including barriers to entry, contestability, exit, and research and development. He concludes with a "game theory user's manual" and a section of review exercises.

Important Notice: The digital edition of this book is missing some of the images found in the physical edition.

Jean Tirole is the chairman of the Jean-Jacques Laffont Foundation at the Toulouse School of Economics, the scientific director of Toulouse's Industrial Economics Institute, and an annual visiting professor of economics at the Massachusetts Institute of Technology. He was awarded the Nobel Prize in Economics in 2014. Financial Crises, Liquidity, and the International Monetary System (Princeton), The Theory of Industrial Organization, Game Theory (with Drew Fudenberg), and A Theory of Incentives in Procurement and Regulation (with Jean-Jacques Laffont) are only a few of his publications.

SKU	Unavailable
ISBN 13	9780262200714
ISBN 10	0262200716
Title	The Theory of Industrial Organization
Author	Jean Tirole
Series	The Mit Press
Condition	Unavailable
Binding Type	Hardback
Publisher	MIT Press Ltd
Year published	1988-08-26
Number of pages	496
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.