Theory of industrial organization.

Summary Industrial economics has undergone remarkable changes in the last decade, with the emergence of coherent models of internal and external corporate strategy, thanks to the spectacular progress made in organizational theory and game theory. The field of industrial economics covers the internal organization of firms (allocation of tasks and responsibilities, incentive methods, accounting and financial structures) and their strategic positioning (pricing, service quality, distribution networks, investment and product choice, research and development). Industrial economics has thus developed a microeconomics that is closer to the concerns of decision-makers. Its approach and language have spread rapidly in Anglo-Saxon countries among business schools, consulting firms, corporate economists, competition officials and major government agencies. A similar evolution is taking place in continental Europe. This book synthesizes the achievements of industrial economics in a very complete and pedagogical way. It can be used to support a course in general microeconomics or industrial economics. It can also be used in courses on marketing or business strategy. It will be of interest to professionals concerned with competition policy, regulation, or industrial policy. This book is a translation of the course given by the author at the Massachusetts Institute of Technology and several other universities. It was published by MIT Press under the title The Theory of Industrial Organization and has been translated into several languages [Source: 4th cover].