There are many reasons why we are happy to bring out the third edition of Industrial Organization: Contemporary Theory and Practice. Principal among these is that it confirms our original view that there is a real need for a text that (a) makes available to students the essentials of modern industrial organization;and (b) also educates students about the economic way of thinking in general, and in particular, the process of modeling.We remain convinced that many of the most important lessons of industrial organization start with the recognition that good analysis involves the construction of a rational argument whose implications are,at least in principle,susceptible to empirical testing.
Based on the many encouraging comments that we have received to date, we think that we have made this point successfully as well as presented clearly the many insights into corporate strategy, market outcomes,and public policy that industrial organization reveals.At the same time,we have taken the opportunity of preparing this new edition to make some important changes in the text.
Part 1 Foundations
Part 2 Monopoly Power and Practice
Part 3 Game Theory and Oligopoly Markets
Part 4 Anticompetitive Strategies
Part 5 Contractual Relations Between Firms
Part 6 Nonprice Competition
Part 7 New Developments in Industrial Organization