Product Description

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 modeloligopoly with quality differentiationempirical evidence on entry and exitthe analysis of firm structure
presents new discussions of:
the classical view of the Cournot modelstrategic substitutability and complementarityrepresentative consumer models of product differentiationsupply function oligopolythe Kreps and Scheinkman model with product differentiationthe New Empirical Industrial Organization, Solow residual, and event study approaches to the analysis of market powerdeterministic 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.

Product Details

• Amazon Sales Rank: #947326 in Books
• Published on: 2001-08-03
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 533 pages

Gianni De Fraja, Professor of Economics, University of York, and Research Fellow, CEPR
"This is an outstanding textbook. It covers practically anything one would ever want to include in a lecture course in Advanced IO, and it does so with the perfect blending of rigorous theory and advanced empirical analysis."

About the Author
Stephen Martin is Professor of Industrial Organization at the Faculty of Economics and Econometrics, University of Amsterdam. Since August 1996 he has been co-managing editor of the International Journal of Industrial Organization.