Advanced Industrial Economics [Paperback]

This updated and substantially revised 2nd edition, like its predecessor, integrates a discussion of the latest theoretical developments with a comprehensive review of empirical work. With a more cohesive writing style, reduced size, additional invaluable information, and new problems to solve, Advanced Industrial Economics, Second Edition is a key text in industrial economics.Preface.

1. Introduction:.

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:.

Introduction.

Cournot in his Own Words.

The Classical Oligopoly Theory Formulation.

Best-Response Functions.

Existence.

Stability.

Comparative Statistics: The Number of Firms.

Limiting Behavior.

Conclusion.

3. Foundations of Oligopoly Theory II:.

Introduction.

Cournot Duopoly as a Static Game.

Static versus Dynamic? (Nash versus Cournot?).

Conjectural Variations.

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.

Conclusion.

Problems.

4. Foundations of Oligopoloy Theory III:.

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