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.