Publisher Summary The study of oligopolistic industries lies at the heart of the field of
industrial organization. The belief of an individual about the behavior of large firms in …

Two decades ago George Stigler (1968, p. 1) described the boundaries of industrial
economics or, as the field is frequently labelled, industrial organisation:... there is no such …

We examine conditions under which" Veblen effects" arise from the desire to achieve social
status by signaling wealth through conspicuous consumption. While Veblen effects cannot …

* The field of industrial organization has been transformed during the past twenty years. In
the 1950s and 1960s, IO was predominantly an empirical field with little theory to guide …

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 …

We consider a supply chain with a manufacturer selling a product to consumers through a
hybrid online platform. The platform offers the manufacturer (she) two channels (agency and …

Proprietary information generated through the process of lending can impact the structure of
the banking industry. With more competing banks, borrower-specific information becomes …

In an unregulated electricity generation market, the degree to which generators in" different
locations compete with one another depends on the capacity to transmit electricity" between …

Manufacturers' returns policies are a common feature in the distribution of many products.
The obvious rationale for returns policies is insurance. Practitioners, not surprisingly, have a …

This book in microeconomics focuses on the strategic analysis of markets under imperfect
competition, incomplete information, and incentives. Part I of the book covers imperfect …