New Perspectives on Industrial Organization With Contributions from
This book covers the main topics that students need to learn in a course on Industrial Organization.It reviews the classic models and important empirical evidence related to the field. However,it will differ from prior textbooks in two ways.First,thi
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For further volumes: http://www.springer.com/series/10099
Victor J. Tremblay
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Carol Horton Tremblay
New Perspectives on Industrial Organization With Contributions from Behavioral Economics and Game Theory
Victor J. Tremblay Department of Economics Oregon State University Corvallis, Oregon, USA
Carol Horton Tremblay Department of Economics Oregon State University Corvallis, Oregon, USA
ISBN 978-1-4614-3240-1 ISBN 978-1-4614-3241-8 (eBook) DOI 10.1007/978-1-4614-3241-8 Springer New York Heidelberg Dordrecht London Library of Congress Control Number: 2012937657 # Springer Science+Business Media New York 2012
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Preface
Industrial organization explains how large corporations affect the utility of consumers and the profit of competitors. With few industries characterized by perfect competition or monopoly in today’s world, most of the attention of industrial organization economists is focused on imperfectly competitive markets. When competition is limited, strategic play becomes central. A firm’s profits will be affected by another firm’s actions, unlike when there are no rivals as in monopoly or when there are many rivals as in perfect competition. To analyze strategic interactions among firms, the field of indu
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