Industrial Organization

Cengage Learning
This textbook brings modern I/O analysis to the undergraduate level. Consistent with modern analysis, the authors focus explicitly on the nature of strategic interaction and make extensive use of game theoretic tools. At the same time, they never lose sight of the policy motivation behind much IO analysis. Formal analysis is combined with many practical applications, and the presentation does not assume familiarity with calculus, rather it relies on the ability to work through algebraic equations.

Book News
The Microsoft antitrust trial and the technique of bundling have led to the inclusion of a new chapter in this edition on the browser wars between Netscape and Microsoft. Other changes include a new section on long-term contracts to deter entry, and another on basic auction theory. Other chapters cover monopolies, oligopoly markets, cartels and collusion, mergers, vertical relations and restraints, advertising, and research and development. All three authors teach economics at Tufts U. in Massachusetts. Annotation c. Book News, Inc., Portland, OR (booknews.com)