New York, NY : Routledge, The book also supports students with a range of problems and exercises, and definitions of key terms and concepts. This balanced approach, which enables students to apply theoretical tools, has earned this book its ranking as one of the leading undergraduate texts in its field. For the fifth edition, relevant data, tables, empirical examples and case studies have been updated to reflect current trends and topics, in the most complete reorganization since the second edition. Further changes include: all public policy topics have been placed in the last section, making it simpler to use for courses that emphasize theory or public policy; an entirely new chapter on international trade and industrial organization; a new chapter on mergers; a separate section on antitrust; a companion website with PowerPoint slides and other supplements. This comprehensive book bridges the gap between economic theory and real-world case studies in an accessible, logical manner, making it the ideal undergraduate text for courses on industrial organization.

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Product information Description Written solely for the undergraduate audience, Industrial Organization: Theory and Practice—which features early coverage of Antitrust—punctuates its modern introduction to industrial organization with relevant empirical data and case studies to show students how to apply theoretical tools. Waldman and Elizabeth J. Jensen, is written with the needs of the undergraduate student in mind. The authors focus on providing a comprehensive, theoretically up to-date text rich in empirical examples of interest to students.

Theoretical coverage is modern and less rooted in the Structure Conduct Performance approach. Case studies and relevant applications help undergraduate students grasp the close connection between theory and the real world, and gain insight into public policy issues such as antitrust, regulation, deregulation, and international trade.

Previous Edition Chapter 13 has been split into two chapters: The NEW Chapter 13 focuses exclusively on product differentiation and includes a discussion of spacial models of product differentiation. The NEW Chapter 14 focuses on advertising and includes a new section on the relationship between advertising and quality, and a new section on the impact of advertising on conduct and performance.

Chapter 5 features an expanded discussion of network economics Chapter 6 features a revised discussion of the empirical literature to expand the discussion of the new empirical IO. Chapter 8 includes coverage of the Bertrand-Edgeworth model Chapter 9 now includes models of trigger prices under conditions of uncertainty.

Chapter 15 features an expanded empirical section on technology and patents to incorporate the use of patent citations Chapter 17 features an expanded discussion of vertical relationships Chapter 18 features a new section on financial market regulation and a streamlining of dated material.


Industrial Organization: Theory and Practice / Edition 4



Industrial Organization


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