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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Industrial Organization - Practice Exercises with Answer Keys (Paperback, 1st ed. 2021)
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Industrial Organization - Practice Exercises with Answer Keys (Paperback, 1st ed. 2021)
Series: Springer Texts in Business and Economics
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This textbook presents 122 exercises on industrial organization
with detailed answer keys. While most textbooks on industrial
organization focus on theory and empirical findings, this textbook
offers practical examples and exercises helping predict firm
behaviour in different industries. The book emphasizes the
game-theoretic tools used in each type of exercise, so students can
systematically apply them to other markets, forms of competition,
or information environments where firms, consumers, and regulating
agencies interact. The book begins with examples that analyse
different models of firm behavior and interaction; starting with
monopoly and moving through the Cournot model of simultaneous
quantity competition, the Bertrand model simultaneous price
competition, and sequential competition. The following chapters
apply game-theoretic tools to situations of increasing complexity:
regulation; R&D incentives; mergers and collusion; bundling
incentives; incomplete information, signalling, and competition;
networks and switching costs. In addition to providing algebraic
simplifications, some chapters also offer the unique feature of
worked exercises based on published journal articles by leading
scholars in the field. Finally, exercises are ranked according to
their difficulty, with a letter (A-C) next to the exercise number,
which allows students to pace their studies and instructors to
structure their classes accordingly. Providing a rigorous, yet
practical introduction to the field of industrial organization,
this textbook is appropriate for advanced undergraduate and
graduate students in economics and finance.
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