Introduction to Industrial Organization

An issue-driven introduction to industrial organization, thoroughly updated and revised. The study of industrial organization (IO)-the analysis of the way firms compete with one another-has become a key component of economics and of such related disciplines as finance, strategy, and marketing.This book provides an issue-driven introduction to industrial organization.Although formal in its approach, it is written in a way that requires only basic mathematical training.It includes a vast array of examples, from both within and outside the United States.This second edition has been thoroughly updated and revised.In addition to updated examples, this edition presents a more systematic treatment of public policy implications.It features added advanced sections, with analytical treatment of ideas previously presented verbally; and exercises, which allow for a deeper and more formal understanding of each topic.The new edition also includes an introduction to such empirical methods as demand estimation and equilibrium identification.Supplemental material is available online.