Thoroughly revised according to classroom feedback Industrial Organization Markets & Strategies offers an up-to-date & rigorous presentation of modern industrial organization that blends theory with real-world applications & derives implications for firm strategy & competition policy This comprehensive textbook acquaints readers with the most important models for understanding strategies chosen by firms with market power & shows how such firms adapt to different market environments The second edition
Includes:: new & revised formal models & case studies Formal models are presented in detail & analyses are summarized in 'lessons' which highlight the main insights Theories are complemented by numerous real-world cases that engage students & lead them to connect theories to real situations Chapters include review questions exercises & suggestions for further reading to enhance the learning experience & an accompanying website offers additional student exercises as well as teaching slides