The Theory of Industrial Organization

Jean Tirole (Institut d'Economie Industrielle)

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English

MIT Press
26 August 1988

Ownership & organisation of enterprises

Series: The MIT Press

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.

By: Jean Tirole (Institut d'Economie Industrielle)
Imprint: MIT Press
Country of Publication: United States
Dimensions: Height: 254mm, Width: 216mm, Spine: 33mm
Weight: 1.216kg
ISBN: 9780262200714
ISBN 10: 0262200716
Series: The MIT Press
Pages: 496
Publication Date: 26 August 1988
Recommended Age: From 18
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Hardback
Publisher's Status: Active

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.

Reviews for The Theory of Industrial Organization

I think that this book will fill a tremendous void in the textbook market for advanced undergraduate and graduate level courses in industrial organization and applied microeconomics. The strength of Tirole's work is his masterful synthesis of analytical development and intuitive discussion. Consequently, he makes understandable to the reader some very advanced research. This synthesis will prove invaluable to graduate students who are looking for a research niche of their own. - John P. Bonin, Professor of Economics, Wesleyan University