Modern Industrial Organization, Global Edition

Series
Pearson
Author
Dennis W. Carlton / Jeffrey M. Perloff  
Publisher
Pearson
Cover
Softcover
Edition
4
Language
English
Total pages
848
Pub.-date
April 2015
ISBN13
9781292087856
ISBN
1292087854
Related Titles


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9781292087856
Modern Industrial Organization, Global Edition
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Description

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

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.

New to this Edition

  • Updated "Example" boxes cover timely topics including the conflicts of interest between managers and shareholders, FTC opposition to Internet bans that harm competition, monopoly power by the Catholic Church in hiring priests, China's tobacco monopoly, Canadian drug sales, Blockbuster's pricing, and more.
  • New section on Professor Sutton's groundbreaking theoretical and empirical research into determinants of concentration (why some markets have only a few firms, each with a large market share).
  • Updated Chapter 5 on cartels offers enhanced coverage of international cartels.
  • New material in Chapter 7 on estimating differentiated goods models.

 

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.

Table of Contents

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