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Title Details:
Industrial Organization
Authors: Zacharias, Eleftherios
Skartados, Panagiotis
Subject: LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > INDUSTRIAL ORGANIZATION
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > INDUSTRIAL ORGANIZATION > MARKET STRUCTURE, FIRM STRATEGY, AND MARKET PERFORMANCE
LAW AND SOCIAL SCIENCES > ECONOMIC SCIENCES > INDUSTRIAL ORGANIZATION > FIRM OBJECTIVES, ORGANIZATION, AND BEHAVIOUR
Keywords:
Imperfect markets
Monopoly
Duopoly
Strategic interaction
Research and Development
Horizontal differentiation
Vertical differentiation
Vertical relations
Overlapping ownership
Industrial Organization
Market structure
Description:
Abstract:
The book examines the basic models of Industrial Organization. Industrial Organization is the branch of Microeconomics that studies the behavior of firms in imperfectly competitive markets. Imperfectly competitive markets cover the area between the two extreme models of Microeconomics: those of the perfect competition and the monopoly. In perfect competitive markets there many firms, each with a negligible market share. As a result, firms accept the price of the product as a given. In a monopoly market, there is a single firm that sets the price to maximize its profits. In imperfectly competitive markets there is strategic interdependence between the firms that participate in them. That is, the choices made by one firm affect the choices of all other firms in the same market. In the following pages we mainly deal with duopoly markets. We examine markets in which two firms produce identical products and either choose quantities or prices. Their decisions may be either simultaneous or sequential. We also examine models in which the products are differentiated either horizontally or vertically.
Linguistic Editors: Bekiaraki, Panagiota
Graphic Editors: Avgoustiniatou, Anna
Type: Undergraduate textbook
Creation Date: 29-01-2024
Item Details:
ISBN 978-618-228-194-9
License: Attribution - NonCommercial - ShareAlike 4.0 International (CC BY-NC-SA 4.0)
DOI http://dx.doi.org/10.57713/kallipos-430
Handle http://hdl.handle.net/11419/12317
Bibliographic Reference: Zacharias, E., & Skartados, P. (2024). Industrial Organization [Undergraduate textbook]. Kallipos, Open Academic Editions. https://dx.doi.org/10.57713/kallipos-430
Language: Greek
Consists of:
1. Elements of Mathematical Economics
2. Elements of Microeconomic Theory
3. Elements of Game Theory
4. Cournot model – homogeneous products
5. Cournot model – differentiated products
6. Bertrand model
7. Comparison of Cournot and Bertrand models
8. Horizontal product differentiation
9. Vertical product differentiation
10. Stackelberg model
11. Vertical relations
12. Overlapping ownership
Number of pages 336
Publication Origin: Kallipos, Open Academic Editions
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