Economic Theory - General & Miscellaneous, Industrial Policies, Microeconomics, Industrial Organization

Industrial Organization and Practice

Name: Industrial Organization and Practice
Author: Don E. Waldman
ISBN: 9780132770989

by Don E. Waldman, Elizabeth J. Jensen

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Overview

Industrial Organization: Theory and Practice–which features early coverage of Antitrust–punctuates its modern introduction to industrial organization with relevant empirical data and case studies to show readers how to apply theoretical tools.

Synopsis

CHAPTER 2 The Firm and Its Costs -- 2.1 The Neoclassical Firm -- 2.2 The Theory of the Firm -- 2.2.1 A FIRM'S BOUNDARIES -- APPLICATION 2.1 A Chip of Its Own -- 2.3 The Structure of Modern Firms -- 2.3.1 SEPARATION OF OWNERSHIP AND CONTROL -- 2.3.2 MANAGERIAL OBJECTIVES -- APPLICATION 2.2 Executive Compensation: Pay for Performance? -- APPLICATION 2.3 X-Inefficiency Goes Extreme: Putting Masseuses, Christmas Trees, Renoirs, and Monets on the Company Payroll -- 2.3.3 FEASIBILITY OF PROFIT MAXIMIZATION -- APPLICATION 2.4 How Do Firms Use Rule-of-Thumb Pricing? -- 2.3.4 CONSTRAINTS ON MANAGERS