Written by two of the field's most respected researchers, Modern Industrial Organization 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. Fully updated to reflect new trends and topics, the Fourth Edition focuses on providing students with a clear, unified structure for analyzing theories and empirical evidence about the organization of firms and industries.

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