Gather The Theory Of Industrial Organization Picturized By Jean Tirole Readable In Version
great book. You may find yourself doubling up ever so slightly if you have also got sitelinkThe Theory of Corporate Finance, Best rigourous IO text that I have encountered, Immeasurably useful to me. This book is a real classic, 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 built.
Sometimes the information is abbrevated a lot, so there is really a lot of info on just one single page and it may take long understanding every detail, Anyway, this book is a must and should not be missing in any library of Industrial Economics, Three "infinitely deep wells"
JTIROLE: Theory of Industrial Organization
JSMILL: On Liberty
THOBBES: De Cive
possibly also the Federalist Papers, . . it's been a while tho, BTW, I am not saying these are my fav works of all time, Just that they are crazy dense with 'pearls', Also maybe WALTZ'and WALTZ'
Anyone who finishes JTIROLE: IO perhaps subject to a difficult test confirming they have 'internalized' the material should receive an immediateraise well let's say that applies up toK.
. . both because of what it signals about them and by virtue of their brain being SUPER CHARGED with incredible ideas and powerful frameworks,
BTW, I think JTIROLE finished this book when he was!
"everywhere dense" might be a better mathematical metaphor than 'infinitely deep'
BTW, I think JTIROLE finished this book when he was! "The Theory of Industrial Organization" is the first primary text to treat the new industrial organization at the advancedundergraduate and graduate level.
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 intuitive level.
To aid students at different levels, each chapter is divided into a main text and supplementary section containing more advanced material, Each chapter opens with elementary models and builds on this base to incorporate current research in a coherent synthesis,
Tirole begins with a background discussion of the theory of the firm, In part I he develops the modern theory of monopoly, addressing singleproduct and multiproduct pricing, static and intertemporal price discrimination, quality choice, reputation, and vertical restraints,
In part II, Tirole takes up strategic interaction between firms, starting with
a novel treatment of the BertrandCournot interdependentpricing problem, He studies how capacity constraints, repeated interaction, product positioning, advertising, and asymmetric information affect competition or tacit collusion, He then develops topics having to do with longterm competition, including barriers to entry, contestability, exit, and research and development, He concludes with a "game theory user's manual" and a section of review exercises, .