Industrial Organization: Competition, Strategy & Policy

by Lipczynski, John; Wilson, John O. S.

• ISBN13: 9780273688020
• ISBN10: 0273688022
• Edition: 2nd
• Format: Paperback
• Copyright: 2005-12-30
• Publisher: Financial Times Management

Summary

A text that gets a consistently good reaction from students, Industrial Organization: Competition, Strategy, Policy has a balance of content that is spot-on for courses taught in the UK and the rest of Europe. It is specially written for the growing number of students studying industrial organization at intermediate to advanced undergraduate levels on degree courses in economics, business and management.Praise from adopters of the first edition of this successful text:"my students have been happy with this text...an admirable book" David Paton, Nottingham University, UK"nicely pitched at the intended audience...it covers the course wonderfully" Michael Wood, London South Bank University, UK"the written style is definitely student friendly, which I highly appreciate" Sophie Reboud, Burgundy School of Business, Dijon, FranceKey Features:* Written from a European perspective, with an emphasis on European businesses and industries.* A wealth of case studies and examples bring the subject to life with vivid and entertaining stories of real world applications. Leading UK, European and US businesses are covered, including Microsoft, eBay, BSkyB and English Premier League football.* Only a basic prior knowledge of economic theory at an introductory level is assumed.* Extensive coverage of current empirical research throughout the text , and an extensive bibliography, provide a springboard for students intending to study industrial organization at a higher level. New To This Edition:* New chapters on pricing, auctions and product differentiation bring you up to date with the latest thinking. * Improved coverage of microeconomic foundations and the theory of the firm provides a broader understanding of these topics. * Expanded coverage of seller concentration incorporates geographic concentration, specialization, horizontal integration and industry clusters in Europe. * Fully updated chapter on market structure, firm strategy and performance includes expanded coverage of current empirical research in industrial organization. * New Mathematical Methods Appendix provides derivations of important results, allowing technically minded students to develop their understanding, without compromising the non-technical style of the main text.Dr John Lipczynski is Principal Lecturer in the Department of Business and Service Sector Management at London Metropolitan University, specializing in microeconomics and industrial economics. Professor John Wilson is in the School of Management at the University of St Andrews, specializing in industrial organization and banking. Professor John Goddard is in the School of Business and Regional Development at the University of Wales, Bangor, specializing in financial economics, industrial economics and the economics of professional sports.

Table of Contents

Theoretical Foundations

Industrial Organization: an introduction

Microeconomic foundations and the neocalssical theory of the firm

Theories of the firm

Structural Analysis of Industry

Oligopoly: non-collusive models

Oligopoly: collusive models

Concentration: measurement and trends

Determinants of seller concentration

Barriers to entry

Market structure, firm strategy and performance

Analysis of Firm Strategy

Pricing

Auctions

Product differentiation

Advertising

Research and Development

Vertical Integration and Restraints16 Diversification

Analysis of Public Policy

Competition policy

Privatisation and regulation

Appendices: Analytical Tools

Mathematical methods

Econometric methods

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