This updated and substantially revised second edition, like its
predecessor, integrates a discussion of the latest theoretical
developments with a comprehensive review of empirical work.
Designed for upper-level undergraduates and graduates in industrial
economics, there are complete treatments of the basic oligopoly
models that are the bread and butter of theoretical industrial
economics (Cournot, Bertrand, and extensions; horizontal and
vertical product differentiation), of models of strategic behavior
as well as of the determination of market and firm structure, and
of the literatures on collusion, advertising, and the economics of
innovation. Stephen Martin also provides a complete review of
empirical tests of market performance, from Bain to the 'empirical
renaissance' and beyond.
contains expanded treatments of:
hotelling's spatial model
oligopoly with quality differentiation
empirical evidence on entry and exit
the analysis of firm structure
presents new discussions of:
the classical view of the Cournot model
strategic substitutability and complementarity
representative consumer models of product differentiation
the Kreps and Scheinkman model with product differentiation
the New Empirical Industrial Organization, Solow residual, and
event study approaches to the analysis of market power
deterministic and stochastic models of research and
development
With a more cohesive writing style, reduced size, additional
invaluable information, and new problems to solve, the second
edition of "Advanced Industrial Economics" is a key text in
industrial economics.
For more details and supplementary materials please visithttp:
//www.blackwellpublishers.co.uk/martin/
The paperback edition of this book is not available from
Blackwell in the US or Canda
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