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Thoroughly revised according to classroom feedback, Industrial Organization: Markets and Strategies offers an up-to-date and rigorous presentation of modern industrial organization that blends theory with real-world applications and derives implications for firm strategy and competition policy. This comprehensive textbook acquaints readers with the most important models for understanding strategies chosen by firms with market power and shows how such firms adapt to different market environments. The second edition includes new and revised formal models and case studies. Formal models are…
Numerous real-world cases - drawn largely from industries that students consider most important (such as consumer goods and the digital economy) - are integrated into the main text and demonstrate how theories relate to real situations
Formal models are carefully developed and presented in detail, and assume no background knowledge
Within-chapter 'lessons' summarize and highlight the main insights of analyses for students
Familiarizes students with the most important models for understanding the strategies chosen by firms with market power
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Authors
Paul Belleflamme,Université Catholique de Louvain, Belgium
Paul Belleflamme is Professor of Economics at the Université Catholique de Louvain, Belgium. He regularly publishes articles in leading economics journals on various topics related to industrial organization, with a special focus on innovation in the digital economy (which is also the main topic of his blog, www.IPdigIT.eu).
Martin Peitz,Universität Mannheim, Germany
Martin Peitz is Professor of Economics at the University of Mannheim, Germany, a director of the Mannheim Centre for Competition and Regulation (MaCCI), Germany, and an academic director of the Centre on Regulation in Europe (CERRE), Belgium. He has widely published in leading economics journals and, with Paul de Bijl, is author of the book Regulation and Entry into Telecommunications Markets (Cambridge University Press, 2003). His research focuses on theoretical industrial organization.