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The Theory of Industrial Organization
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The Theory of Industrial Organization Hardback - 1988

by Jean Tirole

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From the publisher

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.

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Details

  • Title The Theory of Industrial Organization
  • Author Jean Tirole
  • Binding Hardback
  • Edition 1st Edition
  • Pages 496
  • Volumes 1
  • Language ENG
  • Publisher MIT Press, Cambridge, Mass
  • Publication date 1988
  • ISBN 9780262200714 / 0262200716
  • Weight 3.27 lbs (1.48 kg)
  • Dimensions 10.3 x 8.79 x 1.3 in (26.16 x 22.33 x 3.30 cm)
  • Age range 18 to UP years
  • Grade levels 13 - UP
  • Category Business / Economics / Finance
  • Library of Congress subjects Industrial organization (Economic theory)
  • Library of Congress Catalogue Number 88002700
  • Dewey Decimal Code 302.35

About the author

Jean Tirole, the 2014 Nobel Laureate in Economics, is Scientific Director of IDEI (Institut d'Economie Industrielle), Chairman of the Board of TSE (Toulouse School of Economics), and Annual Visiting Professor of Economics at MIT.
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