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Industrial organization

From Academic Kids

Industrial organization is the field of economics that studies the behavior of firms, the structure of markets and of their interactions. Theoretical analysis in the field is heavily based on game theory. This is not to be confused with the related psychological area, Industrial and organizational psychology.

The common market structures studied in this field are the following:

The subject has a theoretical side and a practical side. According to one text book: "On one plane the field is abstract, a set of analytical concepts about competition and monopoly. On a second plane the topic is about real markets, teeming with the excitement and drama of struggles amoung real firms" (Shepherd, W.; 1985; 1).

References

  • Tirole, Jean The Theory of Industrial Organization, (The MIT Press, 1988). This is a "standard" graduate textbook in the field. The book requires extensive knowledge of calculus as well as game theory.
  • Shy, Oz Industrial Organization: Theory and Application (The MIT Press, 1995). This is an undergraduate text.
  • Shepherd, William The Economics of Industrial Organization (Prentice-Hall, 1985) ISBN 0-13-231481-9 This is an undergrad text.
  • Notes by ph.D. candidate Diego Domnguez (U. of Rochester) (http://troi.cc.rochester.edu/~dmgz/teaching/orgind/)

See also

zh:产业组织理论 ja:産業組織論

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