Competition's New Clothes

20 Short Cases on Rivalry Between Firms

François Lévêque

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Hardback

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English

Cambridge University Press
07 February 2019

Economics of industrial organisation; Business competition

Lévêque recounts twenty revealing tales of real-life rivalry between firms across diverse industries, including wine, skiing, opera, video games and cruise liners. These entertaining and insightful narratives are informed by recent advances in economics, factoring in the many forces driving competition, including globalization and innovation. Divided into four sections, the book covers competition and the market; competition and variety; competition through innovation; and competition and equality. Read together, these stories also serve as building blocks to address the issue of whether competition between firms has entered a new era of increased intensity. This book will appeal to anyone, from company executives to consumers, who are interested in the economics of contemporary industry and want to incorporate a grasp of competition into their everyday decision-making. This book can also be used as a supplementary text in courses in microeconomics, business economics and industrial organisation.

By: François Lévêque
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 235mm, Width: 157mm, Spine: 15mm
Weight: 480g
ISBN: 9781108473590
ISBN 10: 1108473598
Pages: 220
Publication Date: 07 February 2019
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

François Lévêque is Professor of Economics at Mines ParisTech, Université de recherche Paris Sciences et Lettres. He is also a part-time Professor at the Robert Schuman Centre for Advanced Studies, European University Institute, Florence. He founded Microeconomics, a Paris-based economics consultancy, which has recently joined Deloitte.

Reviews for Competition's New Clothes: 20 Short Cases on Rivalry Between Firms

Advance praise: 'What has economics to say about skis, shipping, soccer and cereals? A great deal, as Leveque shows in this addictively appealing book. Leveque draws on the brilliant insights and evidence that leading economists studying industries and markets have amassed over the past forty years to lay out the various workings of competition in different industries. Falling transport costs, innovation and the digital revolution have transformed the world of industry and commerce. This book may do for industrial organization what Freakonomics did for the economics of the 'Hidden Side of Everything'.' David Newbury, Emeritus Professor and Director of The Energy Policy Research Group (EPRG), University of Cambridge Advance praise: 'Through a variety of beautifully crafted and comprehensively documented case-studies, Francois Leveque illuminates the theory of market competition and proves wrong all those who claim that economics is a dismal science. Competition's New Clothes is a must-read for anyone interested in the inner workings of modern markets, and an ideal companion book for the teaching of microeconomics, business economics and industrial organization.' Paul Belleflamme, Universite catholique de Louvain Advance praise: 'An extremely engaging book that teaches almost everything you would want to know about competition and markets through the use of a diverse set of real world 'stories'. Perfect competition, to monopolist competition, to oligopoly, to monopoly, to innovation. Stories about casinos, toys, wine, breakfast cereals, soccer, ride hailing services, and more. The book is hard to put down which is saying something about n book about microeconomics.' Paul L. Joskow, Elizabeth and James Killian Professor of Economics, Emeritus, Massachusetts Institute of Technology