Summary

Written by two of the field's most respected researchers, the third edition of Modern Industrial Organization provides a unified structure for analyzing theories and empirical evidence about the organization of firms and industries. It goes beyond the traditional structure - conduct-performance framework by using the latest advances in microeconomic theory including transaction cost analysis, game theory, contestability, and information economics. The third edition includes discussion of recent important applications, policies, and new theories; new and updated examples to illustrate the role of theory in current policy debates; substantial condensation of the text proper; a two-color interior design and two-color figures throughout; and an all-new extensive Online Course Companion Web site.*In depth coverage, including strategic behavior and game theory*Definitive analysis of such other key advances in microeconomic theory as transaction cost-analysis, contestability, and information theory*NEW Up-to-date applications and discussion of the latest policies and new theories throughout*NEW Fresh, updated examples and statistics throughout*NEW Substantial condensation of the entir