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The Theory of Industrial Organization

The Theory of Industrial Organization Pdf/ePub eBook Author:
Editor: MIT Press
ISBN: 0262303787
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The Theory of Industrial Organization by Summary

The Theory of Industrial Organization is the first primary text to treat the new industrial organization at the advanced-undergraduate 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 single product and multi product 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 Bertrand-Cournot interdependent pricing 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 long term 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. Important Notice: The digital edition of this book is missing some of the images found in the physical edition.

Industrial Organization: Theory and Applications, 5th Edition

Industrial Organization: Theory and Applications, 5th Edition Pdf/ePub eBook Author: Lynne Pepall,Dan Richards,George Norman
Editor: Wiley Global Education
ISBN: 1118476034
FileSize: 598kb
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Industrial Organization: Theory and Applications, 5th Edition by Lynne Pepall,Dan Richards,George Norman Summary

Industrial Organization, 5th Edition is a complete, but concise, introduction to modern industrial economics. This book uniquely uses the tools of game theory, information economics, contracting issues, and practical examples to examine all facets of industrial organization. It enhances students' understanding of the strategic behavior of firms, the structure of markets, and imperfect competition.Ê

The Logic of Collective Action

The Logic of Collective Action Pdf/ePub eBook Author: Mancur OLSON
Editor: Harvard University Press
ISBN: 0674283279
FileSize: 1950kb
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The Logic of Collective Action by Mancur OLSON Summary

This book develops an original theory of group and organizational behavior that cuts across disciplinary lines and illustrates the theory with empirical and historical studies of particular organizations. Applying economic analysis to the subjects of the political scientist, sociologist, and economist, Mancur Olson examines the extent to which individuals who share a common interest find it in their individual interest to bear the costs of the organizational effort.

The Mechanisms of Governance

The Mechanisms of Governance Pdf/ePub eBook Author: Oliver E. Williamson
Editor: Oxford University Press
ISBN: 9780199879564
FileSize: 1228kb
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The Mechanisms of Governance by Oliver E. Williamson Summary

This book brings together in one place the work of one of our most respected economic theorists, on a field in which he has played a large part in originating: the New Institutional Economics. Transaction cost economics, which studies the governance of contractual relations, is the branch of the New Institutional Economics with which Oliver Williamson is especially associated. Transaction cost economics takes issue with one of the fundamental building blocks in microeconomics: the theory of the firm. Whereas orthodox economics describes the firm in technological terms, as a production function, transaction cost economics describes the firm in organizational terms, as a governance structure. Alternative feasible forms of organization--firms, markets, hybrids, bureaus--are examined comparatively. The analytical action resides in the details of transactions and the mechanisms of governance. Transaction cost economics has had a pervasive influence on current economic thought about how and why institutions function as they do, and it has become a practical framework for research in organizations by representatives of a variety of disciplines. Through a transaction cost analysis, The Mechanisms of Governance shows how and why simple contracts give way to complex contracts and internal organization as the hazards of contracting build up. That complicates the study of economic organization, but a richer and more relevant theory of organization is the result. Many testable implications and lessons for public policy accrue to this framework. Applications of both kinds are numerous and growing. Written by one of the leading economic theorists of our time, The Mechanisms of Governance is sure to be an important work for years to come. It will be of interest to scholars and students of economics, organization, management, and law.

The Future of Productivity

The Future of Productivity Pdf/ePub eBook Author: OECD
Editor: OECD Publishing
ISBN: 9264248536
FileSize: 967kb
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The Future of Productivity by OECD Summary

This book addresses the rising productivity gap between the global frontier and other firms, and identifies a number of structural impediments constraining business start-ups, knowledge diffusion and resource allocation (such as barriers to up-scaling and relatively high rates of skill mismatch).

Handbook of Behavioral Industrial Organization

Handbook of Behavioral Industrial Organization Pdf/ePub eBook Author: Victor J. Tremblay,Elizabeth Schroeder,Carol Horton Tremblay
Editor: Edward Elgar Publishing
ISBN: 178471898X
FileSize: 987kb
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Handbook of Behavioral Industrial Organization by Victor J. Tremblay,Elizabeth Schroeder,Carol Horton Tremblay Summary

The Handbook of Behavioral Industrial Organization integrates behavioral economics into industrial organization. Chapters cover concepts such as relative thinking, salience, shrouded attributes, cognitive dissonance, motivated reasoning, confirmation bias, overconfidence, status quo bias, social cooperation and identity. Additional chapters consider industry issues, such as sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral antitrust law. The Handbook features a wide array of methods (literature surveys, experimental and econometric research, and theoretical modelling), facilitating accessibility to a wide audience.

Alternative Theories of the Firm

Alternative Theories of the Firm Pdf/ePub eBook Author: Michael Pirson,David M. Wasieleski,Erica L. Steckler
Editor: Routledge
ISBN: 1000515893
FileSize: 761kb
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Alternative Theories of the Firm by Michael Pirson,David M. Wasieleski,Erica L. Steckler Summary

The Theory of the Firm is commonly viewed as axiomatic by business school academicians. Considerations spanning organizational structures, their boundaries and roles, as well as business strategies all relate to the theory of the firm. The dominant theory of the firm poses that markets act perfectly to maximize the well-being of society when people act to maximize the personal utility of their individual purchases and firms act to maximize financial returns to their owners. However, burgeoning evidence and discourse across the scientific and policy communities suggests that the economic, social, and environmental consequences of accepting and applying this theory in the organization of business and society threatens the survival of the human species, among countless others. This book provides the latest thinking on alternatives to the theory of the firm as cornerstone of managerial decision making. Authors explore and elucidate theories that help us understand a firm differently and suggest alternatives to the theory of the firm. This book will be of value to researchers, academics, practitioners, and students interested in leadership, strategic management, and the intersection of corporate interests and the wellbeing of society.

The Evolution of the US Airline Industry

The Evolution of the US Airline Industry Pdf/ePub eBook Author: Eldad Ben-Yosef
Editor: Springer Science & Business Media
ISBN: 0387242422
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The Evolution of the US Airline Industry by Eldad Ben-Yosef Summary

For over three decades the airline industry has continued to maintain a high profile in the public mind and in public policy interest. This high profile is probably not surprising. There does seem to be something inherently newsworthy about airplanes and the people and companies that fly them. The industry was one of the first major industries in the United States to undergo deregulation, in 1978. It thereby transitioned from a closely regulated sector (the former Civil Aeronautics Board tightly controlled everyt thing from prices to routes to entry) to one that is largely market oriented. The incumbent carriers transformed themselves from the point-to-point operators that the CAB had required to the hub-and-spokes structures that took better advantage of their network characteristics. Further, they transformed their pricing from the quite simple structures that the CAB had required to the highly differentiated/segmented pricing structures (“yield management”) that reached an apogee in the late 1990s. Some ca arriers, like American, Delta, and United, were better at this transition; others, like Pan American, TWA, and Eastern, were not. What the incumbent carriers did not do, however, was deal with their costly wage and work rules structures, which were an enduring legacy of their regulatory period. This legacy, when combined with the high-fare end of the yield-management pricing structure, has made them vulnerable to entry by new carriers with lower cost structures.

Economics and the Enforcement of European Competition Law

Economics and the Enforcement of European Competition Law Pdf/ePub eBook Author: Christopher Decker
Editor: Edward Elgar Publishing
ISBN: 1849801967
FileSize: 595kb
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Economics and the Enforcement of European Competition Law by Christopher Decker Summary

The book is well written and readable by non economists. The approaches, questions, methodology, and basis for selection of cases/interviewees are clearly explained and justified. This book is a valuable contribution to the literature. Rhonda Smith, Competition and Consumer Law Journal Recent years have seen a trend toward an economics-based approach to the enforcement of European competition law. But what is meant by economics-based , and how does this approach sit with legal and enforcement practice? This book seeks to place in perspective the growing use of economics in European competition law enforcement by examining precisely how economics contributes to the enforcement activity of the European Commission and Courts. Christopher Decker provides unique empirical insights as to how economic theory, thinking, techniques and data have featured in decision-making in the area of co-ordinated effects. The role of economics is examined throughout the entire enforcement process, from the decision to initiate an investigation to the design and implementation of remedies, and its conclusions are of general relevance to all areas of competition law enforcement where economics is used. Utilising a broad and multifaceted conception of economics, this book is essential reading for academics and students interested in European competition law, EC competition lawyers, applied industrial economists and enforcement officials. It will also be an invaluable tool for academic libraries and institutes, government agencies, law firms and economic consultancies.

Applied Industrial Organization

Applied Industrial Organization Pdf/ePub eBook Author: Karl Aiginger,Jörg Finsinger
Editor: Springer Science & Business Media
ISBN: 940176395X
FileSize: 1191kb
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Applied Industrial Organization by Karl Aiginger,Jörg Finsinger Summary

Applied Industrial Organization offers a perspective on the richness of empirical industrial organization studies. Some papers derive empirical implications from theoretical models, but other papers start from empirical evidence and construct a theory. Three major topics are explored: the role of innovation, the evolution of market structure and firms, and the determinations of performance. As the central force of market economies, innovation is the essence of competition and results in changes to market structures. Other forces driving the evolution of markets and firms are also analyzed. Finally, the determinants of profitability are investigated. In particular, characteristics such as price flexibility, successful lenders and monopoly regulation are examined. Contributors include F.M. Scherer, Paul Geroski, John Hey, David Audretsch, Manfred Neumann, among others.

Financial Systems in Troubled Waters

Financial Systems in Troubled Waters Pdf/ePub eBook Author: Alessandro Carretta,Gianluca Mattarocci
Editor: Routledge
ISBN: 1136232249
FileSize: 437kb
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Financial Systems in Troubled Waters by Alessandro Carretta,Gianluca Mattarocci Summary

This collection considers the financial crisis from a managerial perspective, focussing on the business implications for the financial industry. Topics examined include governance, information needs and strategy of financial intermediaries and investors. The contributions build on the existing literature and present some unique insights on governance, credit quality evaluation and performance measurement. In a fast growing or steady market, it is possible for even an inefficient financial system to satisfy investors’ and firms’ needs. However, the current financial crisis has brought into sharp relief the limits of the inefficient practices adopted by the market, and made clear the importance of developing more effective governance mechanisms, more detailed and complete information databases and new strategies. The crisis has also brought to the fore issues about the governance of financial intermediaries that had not been previously addressed. These include board diversity, internal monitoring procedures and the existence of interlocking directorates. More broadly, the financial crisis has radically altered the international framework, with an increasingly consolidated financial sector, and the rise of new markets (such as China) that now play a predominant role in the worldwide market. Studies on the competition and on the performance in this new scenario are essential in order to understand the implications of recent events.

Surfing the Global Tide

Surfing the Global Tide Pdf/ePub eBook Author: M. Wynn-Williams
Editor: Springer
ISBN: 0230233597
FileSize: 691kb
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Surfing the Global Tide by M. Wynn-Williams Summary

Car manufacturing epitomizes modern industry, yet the overall perspective has been lost in speculation and self-promotion. Based on six years of research, this book is the first in years to reassess the industry. The result is a paradigm that quantifies the fundamental economies of scale and firm organizational structure.

Internationalization, Technological Change and the Theory of the Firm

Internationalization, Technological Change and the Theory of the Firm Pdf/ePub eBook Author: Nicola De Liso,Riccardo Leoncini
Editor: Routledge
ISBN: 1136934111
FileSize: 1857kb
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Internationalization, Technological Change and the Theory of the Firm by Nicola De Liso,Riccardo Leoncini Summary

This book focuses on three main areas, each of which is central to economic theorising: firms’ organisation and behaviour, technological change and the process of globalisation. Each subject can be analysed by using different methods, which range from purely theoretical abstractions to case studies and from econometrics to simulations. What this collection provides is a broad view of the three topics by concentrating on different aspects of each of them, and utilising different methods of investigation. Internationalization, Technological Change and the Theory of the Firm looks in detail at various questions surrounding firms’ organisation, including why we can observe ordered paths of production, whether proximity between firms matters, and whether patenting is always worthwhile. In addition, several essays explore technology and innovation, including the persistence-cum-development of old technologies. Furthermore, this book focuses on those processes which concern small- and medium-sized firms, considering the usefulness of stage theory, the possibilities of production off-shoring and the skill composition of manufacturing firms. Overall, the book is characterised by original ideas, renewed applications of mathematical and statistical methods and the use of new databases. This valuable collection will be of interest to postgraduates and researchers focusing on innovation, theories of the firm and globalisation; and should also be useful to a professional readership as it presents up-to-date research with the aim of improving our understanding of the phenomena of technological change, firms’ strategies, and globalisation.

The Handbook of Experimental Economics

The Handbook of Experimental Economics Pdf/ePub eBook Author: John H. Kagel,Alvin E. Roth
Editor: Princeton University Press
ISBN: 0691213259
FileSize: 1546kb
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The Handbook of Experimental Economics by John H. Kagel,Alvin E. Roth Summary

This book, which comprises eight chapters, presents a comprehensive critical survey of the results and methods of laboratory experiments in economics. The first chapter provides an introduction to experimental economics as a whole, with the remaining chapters providing surveys by leading practitioners in areas of economics that have seen a concentration of experiments: public goods, coordination problems, bargaining, industrial organization, asset markets, auctions, and individual decision making. The work aims both to help specialists set an agenda for future research and to provide nonspecialists with a critical review of work completed to date. Its focus is on elucidating the role of experimental studies as a progressive research tool so that wherever possible, emphasis is on series of experiments that build on one another. The contributors to the volume--Colin Camerer, Charles A. Holt, John H. Kagel, John O. Ledyard, Jack Ochs, Alvin E. Roth, and Shyam Sunder--adopt a particular methodological point of view: the way to learn how to design and conduct experiments is to consider how good experiments grow organically out of the issues and hypotheses they are designed to investigate.

The Oxford Handbook of International Antitrust Economics

The Oxford Handbook of International Antitrust Economics Pdf/ePub eBook Author: Roger D. Blair,D. Daniel Sokol
Editor: Oxford University Press
ISBN: 0199388601
FileSize: 1711kb
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The Oxford Handbook of International Antitrust Economics by Roger D. Blair,D. Daniel Sokol Summary

More than any other area of regulation, antitrust economics shapes law and policy in the United States, the Americas, Europe, and Asia. In a number of different areas of antitrust, advances in theory and empirical work have caused a fundamental reevaluation and shift of some of the assumptions behind antitrust policy. This reevaluation has profound implications for the future of the field. The Oxford Handbook of International Antitrust Economics has collected chapters from many of the leading figures in antitrust. In doing so, this two volume Handbook provides an important reference guide for scholars, teachers, and practitioners. However, it is more than a merely reference guide. Rather, it has a number of different goals. First, it takes stock of the current state of scholarship across a number of different antitrust topics. In doing so, it relies primarily upon the economics scholarship. In some situations, though, there is also coverage of legal scholarship, case law developments, and legal policies. The second goal of the Handbook is to provide some ideas about future directions of antitrust scholarship and policy. Antitrust economics has evolved over the last 60 years. It has both shaped policy and been shaped by policy. The Oxford Handbook of International Antitrust Economics will serve as a policy and research guide of next steps to consider when shaping the future of the field of antitrust.

The Oxford Handbook of Participation in Organizations

The Oxford Handbook of Participation in Organizations Pdf/ePub eBook Author: Adrian Wilkinson,Paul J. Gollan,Mick Marchington,David Lewin
Editor: OUP Oxford
ISBN: 0191607207
FileSize: 1769kb
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The Oxford Handbook of Participation in Organizations by Adrian Wilkinson,Paul J. Gollan,Mick Marchington,David Lewin Summary

Employee participation encompasses the range of mechanisms used to involve the workforce in decisions at all levels of the organization - whether direct or indirect - conducted with employees or through their representatives. In its various guises, the topic of employee participation has been a recurring theme in industrial relations and human resource management. One of the problems in trying to develop any analysis of participation is that there is potentially limited overlap between these different disciplinary traditions, and scholars from diverse traditions may know relatively little of the research that has been done elsewhere. Accordingly in this book, a number of the more significant disciplinary areas are analysed in greater depth in order to ensure that readers gain a better appreciation of what participation means from these quite different contextual perspectives. Not only is there a range of different traditions contributing to the research and literature on the subject, there is also an extremely diverse sets of practices that congregate under the banner of participation. The handbook discusses various arguments and schools of thought about employee participation, analyzes the range of forms that participation can take in practice, and examines the way in which it meets objectives that are set for it, either by employers, trade unions, individual workers, or, indeed, the state. In doing so, the Handbook brings together leading scholars from around the world who present and discuss fundamental theories and approaches to participation in organization as well as their connection to broader political forces. These selections address the changing contexts of employee participation, different cultural/ institutional models, old/'new' economy models, shifting social and political patterns, and the correspondence between industrial and political democracy and participation.

The Anthropology of Eastern Religions

The Anthropology of Eastern Religions Pdf/ePub eBook Author: Murray J. Leaf
Editor: Lexington Books
ISBN: 0739192418
FileSize: 407kb
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The Anthropology of Eastern Religions by Murray J. Leaf Summary

Anthropology of Eastern Religions: Ideas, Organizations, and Constituencies is a comparative survey of the world’s major religious traditions as professional enterprises and, often, as social movements. Documenting the principle ideas behind Eastern religious traditions from an anthropological perspective, Murray J. Leaf demonstrates how these ideas have been used in building internal organizations that mobilize or fail to mobilize external support.

National Strategy for the COVID-19 Response and Pandemic Preparedness

National Strategy for the COVID-19 Response and Pandemic Preparedness Pdf/ePub eBook Author: Joseph R. Biden, Jr.
Editor: Simon and Schuster
ISBN: 1510767614
FileSize: 723kb
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National Strategy for the COVID-19 Response and Pandemic Preparedness by Joseph R. Biden, Jr. Summary

The ultimate guide for anyone wondering how President Joe Biden will respond to the COVID-19 pandemic—all his plans, goals, and executive orders in response to the coronavirus crisis. Shortly after being inaugurated as the 46th President of the United States, Joe Biden and his administration released this 200 page guide detailing his plans to respond to the coronavirus pandemic. The National Strategy for the COVID-19 Response and Pandemic Preparedness breaks down seven crucial goals of President Joe Biden's administration with regards to the coronavirus pandemic: 1. Restore trust with the American people. 2. Mount a safe, effective, and comprehensive vaccination campaign. 3. Mitigate spread through expanding masking, testing, data, treatments, health care workforce, and clear public health standards. 4. Immediately expand emergency relief and exercise the Defense Production Act. 5. Safely reopen schools, businesses, and travel while protecting workers. 6. Protect those most at risk and advance equity, including across racial, ethnic and rural/urban lines. 7. Restore U.S. leadership globally and build better preparedness for future threats. Each of these goals are explained and detailed in the book, with evidence about the current circumstances and how we got here, as well as plans and concrete steps to achieve each goal. Also included is the full text of the many Executive Orders that will be issued by President Biden to achieve each of these goals. The National Strategy for the COVID-19 Response and Pandemic Preparedness is required reading for anyone interested in or concerned about the COVID-19 pandemic and its effects on American society.

The Disintegration of Production

The Disintegration of Production Pdf/ePub eBook Author: Mariko Watanabe
Editor: Edward Elgar Publishing
ISBN: 1783476427
FileSize: 1034kb
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The Disintegration of Production by Mariko Watanabe Summary

øIn the past two decades, China has experienced rapid industrial and economic growth. This fascinating book explores the unique Chinese business strategy of vigorous market entry and low prices, which has been the key feature of this accelerated indust

Future of Jobs

Future of Jobs Pdf/ePub eBook Author: IntroBooks Team
Editor: IntroBooks
FileSize: 1879kb
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Future of Jobs by IntroBooks Team Summary

Times are changing and the labor markets are under immense burden from the collective effects of various megatrends. Technological growth and grander incorporation of economies along with global supply chains have been an advantage for several workers armed with high skills and in growing occupations. However, it is a challenge for workers with low or obsolete skills in diminishing zones of employment. Business models that are digitalized hire workers as self-employed instead of standard employees. People seem to be working and living longer, but they experience many job changes and the peril of skills desuetude. Inequalities in both quality of job and earnings have increased in several countries. The depth and pace of digital transformation will probably be shocking. Industrial robots have already stepped in and artificial intelligence is making its advance too. Globalization and technological change predict the great potential for additional developments in labor market performance. But people should be ready for change. A progression of creative annihilation is probably under way, where some chores are either offshored or given to robots. A better world of for jobs cannot be warranted – a lot will be contingent on devising the right policies and institutes in place.