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Written by two of the field's most respected researchers, 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 Companion Web Site.

Table of Contents

I. INTRODUCTION AND THEORY.
1. Overview.
2. The Firm and Costs.
II. MARKET STRUCTURES.
3. Competition.
4. Monopolies, Monopsonies, and Dominant Firms.
5. Cartels.
6. Oligopoly.
7. Product Differentiation and Monopolistic Competition.
8. Industry Structure and Performance.
III. BUSINESS PRACTICES: STRATEGIES AND CONDUCT.
9. Price Discrimination.
10. Advanced Topics in Pricing.
11. Strategic Behavior.
12. Vertical Integration and Vertical Restrictions.
IV. INFORMATION, ADVERTISING, AND DISCLOSURE.
13. Information.
14. Advertising and Disclosure.
V. DYNAMIC MODELS AND MARKET CLEARING.
15. Decision Making Over Time: Durability.
16. Patents and Technological Change.
17. How Markets Clear: Theory and Facts.
VI. GOVERNMENT POLICIES AND THEIR EFFECTS.
18. International Trade.
19. Antitrust Laws and Policy.
20. Regulation and Deregulation.

Dennis W. Carlton

Dennis W. Carlton focuses his research on microeconomics, industrial organization, and antitrust. He has published more than 100 articles and two books, including one of the leading textbooks in industrial organization. He is also the coeditor of the Journal of Law and Economics and is on the editorial boards of Competition Policy International and the Journal of Competition Law and Economics. From 2006 to 2008, he served as the Deputy Assistant Attorney General for Economic Analysis at the U.S. Department of Justice.
He is the recipient of a number of awards, including a John Harvard Award in 1970, a National Science Foundation Fellowship from 1972 to 1975, and the 1977 P.W.S. Andrews Memorial Prize Essay for the best essay in the field of industrial organization by a scholar under the age of 30, and the 2008 Robert F Lanzillotti prize for the best essay in antitrust economics. His research has been funded by the National Science Foundation and the Lincoln Foundation, and in 2004 he gave the keynote address to the International Competition Network in Mexico.
He has served as an advisor on antitrust matters to the Department of Justice, the Federal Trade Commission, and to private clients. He has served as a commissioner on the Antitrust Modernization Commission, a congressional committee investigating the antitrust laws.
Carlton earned a master's degree in operations research and a PhD in economics from Massachusetts Institute of Technology in 1974 and 1975 and a bachelor's degree summa cum laude in 1972 from Harvard College, where he majored in applied mathematics and economics and was a member of Phi Beta Kappa. He joined the Chicago Booth faculty in 1984.

Jeffrey M. Perloff

Jeffrey M. Perloff is a professor in the Department of Agricultural and Resource Economics at the University of California at Berkeley. His economic research covers industrial organization, marketing, labor, trade, and econometrics. His textbooks are Modern Industrial Organization (coauthored with Dennis Carlton), Microeconomics, Microeconomics: Theory and Applications with Calculus, and Estimating Market Power and Strategies (with Larry Karp and Amos Golan). He has been an editor of Industrial Relations and an associate editor of the American Journal of Agricultural Economics. He is an associate editor of the Journal of Productivity Analysis and edits the Journal of Industrial Organization Education. He has consulted with nonprofit organizations and government agencies (including the Federal Trade Commission and the Departments of Commerce, Justice, and Agriculture) on topics ranging from a case of alleged Japanese television dumping to the evaluation of social programs. He has also conducted research in psychology. He is a fellow of the American Agricultural Economics Association. He received his B.A. in economics from the University of Chicago in 1972 and his Ph.D. in economics from the Massachusetts Institute of Technology in 1976. He was previously an assistant professor in the Department of Economics at the University of Pennsylvania.