Presents 122 worked-out exercises on industrial organization
Provides algebra support and step-by-step calculations
Includes exercises based on foundational journal articles
Ranks exercises according to difficulty for self-guided study
Part of the book series: Springer Texts in Business and Economics (STBE)
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Table of contents (10 chapters)
About this book
This textbook presents 122 exercises on industrial organization with detailed answer keys. While most textbooks on industrial organization focus on theory and empirical findings, this textbook offers practical examples and exercises helping predict firm behaviour in different industries. The book emphasizes the game-theoretic tools used in each type of exercise, so students can systematically apply them to other markets, forms of competition, or information environments where firms, consumers, and regulating agencies interact.The book begins with examples that analyse different models of firm behavior and interaction; starting with monopoly and moving through the Cournot model of simultaneous quantity competition, the Bertrand model simultaneous price competition, and sequential competition. The following chapters apply game-theoretic tools to situations of increasing complexity: regulation; R&D incentives; mergers and collusion; bundling incentives; incomplete information, signalling, and competition; networks and switching costs. In addition to providing algebraic simplifications, some chapters also offer the unique feature of worked exercises based on published journal articles by leading scholars in the field. Finally, exercises are ranked according to their difficulty, with a letter (A-C) next to the exercise number, which allows students to pace their studies and instructors to structure their classes accordingly.
Providing a rigorous, yet practical introduction to the field of industrial organization, this textbook is appropriate for advanced undergraduate and graduate students in economics and finance.
- horizontal mergers
- Profits maximization
Authors and Affiliations
Graduate Institute of Industrial Economics, National Central University, Taoyuan City, Taiwan
Department of Economics, Wabash College, Lafayette, USA
School of Economic Sciences, Washington State University, Pullman, USA
About the authors
Pak-Sing Choi is assistant professor of economics at the Graduate Institute of Industrial Economics of National Central University, Taiwan. His research focuses on the effect of environmental regulation on industrial organization under asymmetric information.
Eric Dunaway is assistant professor of economics at Wabash College (US). His research focuses on industrial organization, game theory, behavioral and public economics.
Felix Munoz-Garcia is professor of economics at Washington State University (US). His research focuses on industrial organization, game theory, and their applications to environmental regulation in contexts where firms, government agencies, or both, are imperfectly informed.
Book Title: Industrial Organization
Book Subtitle: Practice Exercises with Answer Keys
Authors: Pak-Sing Choi, Eric Dunaway, Felix Muñoz-Garcia
Series Title: Springer Texts in Business and Economics
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-57283-9Published: 07 January 2021
Softcover ISBN: 978-3-030-57286-0Published: 07 January 2022
eBook ISBN: 978-3-030-57284-6Published: 06 January 2021
Series ISSN: 2192-4333
Series E-ISSN: 2192-4341
Edition Number: 1
Number of Pages: XIV, 441
Number of Illustrations: 4 b/w illustrations, 58 illustrations in colour
Topics: Industrial Organization, Microeconomics, Behavioral Economics