Industrial Organization
Markets and Strategies
$71.00
 Authors:
 Paul Belleflamme, Université Catholique de Louvain, Belgium
 Martin Peitz, Universität Mannheim, Germany
 Date Published: February 2010
 availability: Temporarily unavailable  available from August 2014
 format: Paperback
 isbn: 9780521681599
$71.00
Paperback

Industrial Organization: Markets and Strategies provides an uptodate account of modern industrial organization that blends theory with realworld applications. Written in a clear and accessible style, it acquaints the reader with the most important models for understanding strategies chosen by firms with market power and shows how such firms adapt to different market environments. It covers a wide range of topics including recent developments on product bundling, branding strategies, restrictions in vertical supply relationships, intellectual property protection, and twosided markets, to name just a few. Models are presented in detail and the main results are summarized as lessons. Formal theory is complemented throughout by realworld cases that show students how it applies to actual organizational settings. The book is accompanied by a website containing a number of additional resources for lecturers and students, including exercises, answers to review questions, case material and slides.
Read more Comprehensive coverage of modern industrial organization
 Combines theory with real world applications to show relevance to business strategy
 Each chapter contains summary of key lessons, suggestions for further reading and a range of exercises
Reviews & endorsements
“This is a crisply written account of modern Industrial Organization which should be a major reference for years to come. I particularly enjoyed the “Lessons” which summarize and keep the reader ontrack with the economic insights from the models presented. Congratulations to the authors for this magnum opus.”  Simon P. Anderson, Commonwealth Professor of Economics, University of Virginia
See more reviews“The depth and coverage of topics in Industrial Organization: Markets and Strategies is staggering. Professors Belleflamme and Peitz have produced a real gem. Innovative, timely, and thorough.”  Michael Baye, Bert Elwert Professor of Business Economics, Kelley School of Business, Indiana University
“As important contributors to the theory of Industrial Organisation, Belleflamme and Peitz are ideally placed to explain the implications for strategists and policy makers  their book will be valuable to students and practitioners alike.”  Paul Klemperer, FBA, Edgeworth Professor of Economics, University of Oxford; formerMember UK Competition Commission
“Industrial economists have been blessed with some significant texts over the centuries. However, until Belleflamme and Peitz, no one had attempted to cover it all. Markets and Strategies does that. It is all here. From monopoly to competition, from simple pricing to pricing with menus, from bundling to innovation. There is no topic left untouched. It is a must have for teachers and students alike.”  Joshua Gans, Professor of Management, Melbourne Business School, University of Melbourne
“Paul Belleflamme and Martin Peitz’s Industrial Organization: Markets and Strategies offers a fully uptodate treatment of modern industrial organization, including recent work on intellectual property, new forms of price discrimination, competition policy and twosided markets. Theoretically inclined, clearly written, and mathematically accessible to a wide audience (including advanced undergraduates), it usefully provides motivation through short businessstrategy or competitionpolicy cases. A tour de force and a mustread for students, researchers and practitioners of the field.”  Jean Tirole, Director, Fondation JeanJacques Laffont, Toulouse School of Economics
“Paul Belleflamme and Martin Peitz provide a very careful and thorough up to date treatment of the main topics in Industrial Organization analysis. They do so in a pedagogical and clear way, including the stepbystep development of the models and contrast with realworld cases, that will prove very effective with students. The book also includes the analysis of issues relevant for the information economy such as bundling, intellectual property and twosided markets.”  Xavier Vives, Professor of Economics, IESE Business School
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×Product details
 Date Published: February 2010
 format: Paperback
 isbn: 9780521681599
 length: 720 pages
 dimensions: 246 x 188 x 37 mm
 weight: 1.52kg
 contains: 61 b/w illus. 12 tables
 availability: Temporarily unavailable  available from August 2014
Table of Contents
List of figures
List of tables
List of cases
Preface
Part I. Getting Started:
1. What is 'Markets and Strategies'?
2. Firms, consumers and the market
Part II. Market Power:
3. Static imperfect competition
4. Dynamic aspects of imperfect competition
Part III. Sources of Market Power:
5. Product differentiation
6. Advertising
7. Consumer inertia
Part IV. Pricing Strategies and Market Segmentation:
8. Group and personalized pricing
9. Menu pricing
10. Intertemporal price discrimination
11. Bundling
Part V. Product Quality and Information:
12. Price and advertising signals
13. Marketing tools for experience goods
Part VI. Theory of Competition Policy:
14. Cartels and tacit collusion
15. Horizontal mergers
16. Strategic incumbents and entry
17. Vertically related markets
Part VII. R&D Intellectual Property:
18. Innovation and R&D
19. Intellectual property
Part VIII. Networks, Standards and Systems:
20. Markets with network goods
21. Strategies for network goods
Part IX. Market Intermediation:
22. Markets with intermediated goods
23. Information and reputation
Appendices: A. Game theory
B. Competition policy
Index.
general resources
instructor resources
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