This book is highly recommended for anyone who wants to do further study in io. Notes on the literature lu s cabral new york university and cepr may 1999, with a september 2015 postscript in 1999, i was invited by blackwell publishers to put together a reader in industrial organization. Vertical mergers and firmspecific physical capital. Some of the early work on the theory of regulation, such as.
A strategic approach is, and remains, the property of church economic consultants ltd. Hendel and lizzeri, 1999, adverse selection in durable goods market, aer, 89. Many of these articles are easily accessible via jstor. The theory of industrial organization, by jean tirole, mit press, 1988 tirole is the required text for the course. An introduction and overview drew fudenberg and jean tirole chapter 6 theories of oligopoly behavior carl shapiro chapter 7 cartels, collusion, and horizontal merger alexis jacquemin and margaret e. Jean tirole, the theory of industrial organization, mit press, 1988. Jean tiroles prize announcement credits him for his work on market power and regulation, and there is no question that he is among the leaders, if not the world leader, in the application of mechanism design theory to industrial organization. Slade chapter 8 mobility barriers and the value of incumbency richard j. Gibbons, robert, game theory for applied economists, princeton, nj. The course first introduces basic concepts in industrial organization to study imperfect competition and the determinants of market power.
A tribute to jean tirole etudes economiques bnp paribas. Over the last ten years, jean tirole has also carried out considerable. The theory of industrial organization by tirole, jean. He focuses on industrial organization, game theory, banking and finance, and economics and psychology. The theory of industrial organization is the first primary text to treat the new industrial organization at the. Theory industrial organization by tirole jean abebooks. Jean tirole born 9 august 1953 is a french professor of economics. Maskin and tirole, 1988, a theory of dynamic oligopoly ii, ema, 571600. Jean tirole, the theory of industrial organization, mit, 1987.
To some extent, the german legislation mandating codetermination in particular, the codetermination act of 1976, which requires that supervisory boards of. This year the course provides a selective overview of current work in organization economics. It then proceeds to analyze important topics in competition policy, such as cartels and merger policy. In the third part of the course issues of consumer protection are. Pdf download the theory of industrial organization mit press full online you may have arrived at this page because you followed a link to one of our old platforms that cannot be redirected cambridge core is the new academic platform from 1 introduction notwithstanding academicians and practitioners believe that inventory is a costly activity they disagree on its. However, if the swedes are going to persist in celebrating economists on an annual basis, this years honoree, the french theorist jean tirole, is a worthy one. The theory of industrial organization is the first primary text to treat the new industrial organization at the advancedundergraduate and graduate level. The impact of unilateral and coordinated conduct on market economics and performance. Belleflamme and peitz 2009, industrial organization. The text is supplemented with a large number of recent journal articles. In the 1980s, tirole employed game theory to the field of industrial organization. It is intended for students interested in applied theory seeking to learn about recent developments in io.
Industrial organization a contract based approach nicolas boccard 20101217 outline a introduction11 1 about the book12 2 microeconomic foundations27 b market power67 3 monopoly68 4 differential pricing87 c strategic interaction123 5 imperfect competition124 6 strategic moves154 7 economic rivalry184 d antitrust issues216 8 legal framework217. Undergraduate economics course andrew sweeting econ. Publication date 1988 topics industrial organization economic theory. Organization handbook of industrial organization vol. Industrial organization has provided numerous researches which have enlightened the real world of competition and, simultaneously, has elaborated important concepts, typologies and models that reveal the richness of corporate conduct. The key thought here is that organizations with market power consider how their adversaries are liable to respond. It covers theoretical and empirical research related to the design and effects of government policies focused on the structure, behavior and performance of firms and markets. Tirole, the theory of industrial organization, mit, 1988. Another valuable resource that there will be readings from is the handbook of industrial organization hio1, 2, 3 published by elseviernorth holland in 1987 1 and 2 and 2007 3. The implication of the io model for strategic management is that. Industrial organization theory and its contribution to. Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of the field with accessible models that are simplified to. This course presents special topics in industrial organization theory.
The theory of industrial organization, by jean tirole, mit press, 1988. The theory of industrial organization is the first primary text to treat the new. The theory of industrial organization edition 1 by jean. Maskin and tirole, 1988, a theory of dynamic oligopoly i, ema, 540570. The theory of industrial organization international edition tirole jean on. The industrial organization io view of strategy assumes that the external environment determines the actions a firm can deploy. Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of. But i claim credit for being in the right place at the right time.
In addition to collecting some 22 papers, i also wrote introductory notes to each chapter and a general preface. The past twenty years have seen great theoretical and empirical advances in the field of corporate finance. An introduction and overview chapter 05 in handbook of industrial organization, 1989, vol. The theory of industrial organization semantic scholar. Whereas once the subject addressed mainly the financing of corporationsequity, debt, and valuationtoday it also embraces crucial issues of governance, liquidity, risk management, relationships between banks and corporations, and the macroeconomic impact of. In part ii, tirole takes up strategic interaction between firms, starting with a novel treatment of the bertrandcournot. Noncooperative game theory for industrial organization. Tirole 1988, the theory of industrial organization, mit press. Jean marcel tirole born 9 august 1953 is a french professor. A nobel prize for applied theory now this something i can get behind.
Merger analysis, industrial organization theory, and merger. A volume in the theory of the firm and industrial organization section fundamentals of pure and applied economics, band 3 by fudenberg, drew and jean tirole. Theoretical industrial organization has made substantial. Rigorously analytical and filled with exercises coded to indicate level of difficulty, it provides a unified and modern treatment of the field with accessible models that are simplified to highlight robust economic ideas while working at an. Markets and strategies the following textbook introduces questions of antitrust and economic models of competition that have been written to answer them. A worthy economics nobel for jean tirole the new yorker. Economics lessons from the latest nobel laureate jean tirole. The theory of industrial organization by jean tirole and a great selection of related books, art and collectibles available now at. Theories of industrial organization and competition policy. The theory of industrial organization international. Articles antitrust jean tiroles nobel prize in economics. The theory of industrial organization by jean tirole. Patrick rey and jean tirole discuss the literature on foreclosure, whereby output in.
Slides on tirole, chapter 0 in powerpoint and my html handout explaining the three theories of the firm 5 pages of notes on tiroles authority model, which i went over in class notes and figures in pdf tirole problems 0. In 2014 he was awarded the nobel memorial prize in economic sciences for his analysis of market power and regulation. Charles rochet, al roth, nathalie tirole, and jean tirole for helpful. Answers to exercises in jean tiroles theory of industrial organization 12 december 2006. Being told of this honor led me to once again reflect on the field of industrial organization, and where it. Jean tirole, the theory of industrial organization, the mit press. A lof of the theory is decades old now, but a lot of the models illustrated here are still a very good baseline for any more complex structural model you want to. The borrower receives rb in the case of success and 0 in the case of. The text provides an overview of most of the theoretical topics. A prominent exponent of this view in france is albert 1991. Theory and practice the mit press 1996 jean tirole the theory of industrial organization the mit press 1990. Carlton, dennis and jeffrey perloff, industrial organization, 4th edition, 2005.
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