Handbook of Game Theory and Industrial Organization

Industrial organization studies how markets allocate resources, specifically when there are few agents or when there are frictions that render the price-taking paradigm unsuitable. Game theory studies situations in which agents interact strategically and can therefore provide a useful foundation for studying many traditional IO topics including price/quantity competiton, market entry, product differetiation, predation, delegation, mergers, collusion, R&D, natural resources, dynamic competition and the relationship between welfare and markets. The development of this approach has also enabled the emergence of fresh research topics such as law and economics, strategic information transmission, networks, the digital economy, auctions, experimental game theory, donations, health economics, intellectual property, contests, corruption, and telecommunica on and electricity markets. This Handbook, written by world-class specialists, provides up-to-date surveys of all these topics and is suitable for established researchers as well as graduate or advanced undergraduate students.