Advanced Industrial Economics, 2nd Edition
Advanced Industrial Economics, 2nd Edition
ISBN: 978-0-631-21757-2 October 2001 Wiley-Blackwell 552 Pages
The Scope of the Field.
Theory Versus Empiricism.
Barriers to Entry and the Structure–Conduct–Performance.
A Decade of High Theory.
An Outline of the Book.
2. Foundations of Oligopoly Theory I:.
Cournot in his Own Words.
The Classical Oligopoly Theory Formulation.
Comparative Statistics: The Number of Firms.
3. Foundations of Oligopoly Theory II:.
Cournot Duopoly as a Static Game.
Static versus Dynamic? (Nash versus Cournot?).
The Coefficient of Cooperation.
Representative Consumer Models of Product Differentiation.
Cournot with Product Differentiation.
Bertrand with Product Differentiation.
Prices versus Quantities.
Supply Function Oligopoly.
Two-stage Capacity-constrained Competition.
4. Foundations of Oligopoloy Theory III:.
Vertical Product Differentiation.
The Relation between Models of Horizontal and Vertical Differentiation.
5. Early Empirical Studies of Structure–Conduct–Performance Relationships:.
Bain and the Critics.
Early Econometric Work.
6. Debates over Interpretation and Specification:.
Market Power versus Efficiency.
Measurement Issues in the Diagnosis of Market Power.
Firm Effects versus Industry Effects.
7. Empirical Studies of Market Performance:.
Avoiding Cost Data I: NEIO.
Avoiding Cost Data II: The Solow Residual.
Price Versus Rate of Return.
The Persistence of Profits.
Not the Last Word.
8. Strategic Behavior: Investment in Entry Deterrence:.
Raising Rivals' Costs.
Advertising and Limit Pricing.
The Dorfman–Steiner Condition and Generalizations.
Advertising as a Signal of Quality.
Welfare Consequences of Advertising.
The Duration of Advertising Effects.
The Advertising Response to Entry.
10. Collusion and Noncooperative Collusion:.
Noncooperative Collusion in a Static Model.
Noncooperative Collusion in Repeated Games.
Empirical Studies of Collusion.
11. Market Structure, Entry, and Exit:.
The Measurement of Seller Concentration.
Entry Conditions and Market Structure.
Product Differentiation as a Barrier to Entry.
Empirical Studies of Market Structure.
Empirical Studies of Entry and Exit.
12. Firm Structure, Mergers, and Joint Ventures:.
Why are There Firms?.
Vertical Mergers and Vertical Foreclosure.
Diversification and Conglomerate Mergers.
The Market for Corporate Control.
Joint Ventures and Equity Interests.
13. Vertical Restraints:.
Incentives to Impose Vertical Restraints.
14. Research and Development:.
Empirical Studies of R & D.
Index of Names.
Index of Subjects.
"Stephen Martin's book is a marvellous effort. No other text provides such a comprehensive and updated overview of the literature of modern industrial economics. I wholeheartedly recommend it for graduate courses in the subject or as a reference for any professional economist....
The feature that most distinguishes Advanced Industrial Economics from competitors is the extended treatment of the literature on empirical tests of market structure and performance.
This was long overdue, and Martin has to be commended for introducing new generations of students to empirical work int his field.
As a teaching tool, there is much to admire in the book as well: many of the issues are given a histroical perspective so that students can better appreciate the direction in which both the theory and the empirical work has progressed.
Martin also provides a wealth of material on the book's website, including an extended discussion of the theory of contestable markets as well as a solutions manual." Times Higher Education Supplement, October 2002
Download the chapter on contestable markets at: http:www.mgmt.purdue.edu/faculty/smartin/aie2/aie2.htm
Download the Solutions Manual: http://www.mgmt.purdue.edu/faculty/smartin/aie2/aie2.htm
Typographical Errors: http://www.mgmt.purdue.edu/faculty/smartin/aie2/aie2typos.pdf
Download appendix: The Game-Theoretic Approach to Modeling Strategic Behaviour
For more information and material, visit Stephen Martin's website at http://www.mgmt.purdue.edu/faculty/smartin/aie2/aie2.htm
Games and Information Third Edition
"This is a terrific book bringing together two strands in the recent literature on economic theory, namely game theory and the economics of asymmetric information. The style is brisk, the arguments are rigorous and it seems to be pitched at exactly the right level."
Partha Dasgupta, University of Cambridge (of the previous edition)
Written in a crisp and accessible style, Games and Information, Third Edition, uses simple modeling techniques and straightforward explanations to provide students with a clear understanding of game theory and information economics. The third edition brings the text totally up-to-date with coverage of new topics, including price discrimination, risk and uncertainty over values, and fixed-point theorems and genericity. Other chapters have been extensively reorganized or rewritten. This is an indispensable tool for undergraduates studying advanced microeconomics. It is also of considerable interest to scholars and researchers of game theory and information economics.
Readings in Games and Information
Edited by Eric Rasmusen
The theory of games, first given a rigorous formulation by von Neumann in 1928, is a sub-field of mathematics and economics that models situations in which individuals compete and cooperate with each other. Selections in this volume run the gamut from classic and contemporary journal articles to news clippings and portions of popular novels. Important criteria for the selection of articles are their brevity and lucidity. Throughout, Eric Rasmusen ties the material together with extensive notes and commentary. The appendices at the end cover writing and modeling in economics and appropriate mathematical concepts.
Readings in Applied Microeconomic Theory
Market Forces and Solutions
Edited by Robert Kuenne
Readings in Applied Microeconomic Theory concentrates on the forces generated by the market economy and the nature of the solutions created to deal with them. The book presents both classic articles fundamental to microeconomic analysis as well as modern treatments of frontier issues in applied theory. The readings and their bibliographies offer further coverage of new fields such as game theory, decision-making, and auction theory. Blackwell Readings for Contemporary Economics.
Readings in Industrial Organization
Edited by Luis M.B. Cabral
London Business School
The most important contributions to the literature of industrial economics since the 1980's! Essays that summarize the state of the field and explain the reason behind the selection introduce each of these cutting-edge readings. These concise introductions place the readings in context and emphasize key elements of this fast-moving field. Blackwell Readings in Contemporary Economics.
Econometric Theory presents a modern approach to the theory of econometric estimation and inference, with particular applications to times series. Based on lectures given over several years at the London School of Economics, the book applies recent developments in asymptotic theory to derive the properties of estimators when the model is only partially specified. Topics covered in depth include the linear regression model, optimization estimators (including maximum likelihood and the generalized method of movement), hypothesis testing, and the theory of non-stationary processes and co-integration.
- Surveys the frontiers of empirical research in industrial economics
- Includes new problem sets.
- Features an accompanying website, including downloadable sample chapters, solutions manual, and additional material.