Handbook of Behavioral Industrial Organization
Published on 25. May 2018
Book
Hardback
480 pages
978-1-78471-897-8 (ISBN)
Description
This Handbook presents insights from the expanding field of behavioral economics. The unique collective volume integrates behavioral concepts into the study of industrial organization to enhance understanding and interest in the subject.
The Handbook of Behavioral Industrial Organization explores numerous critical topics including relative thinking, salience, shrouded attributes, overconfidence, status quo bias, identity and motivated reasoning (including cognitive dissonance and confirmation bias). Each of these behavioral concepts is linked to industrial organization and considers multiple industries in order to present a well-rounded and composite approach. Additional chapters focus on industry issues such as the sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral antitrust law. Throughout the Handbook authors use a variety of research methods such as literature surveys, experimental and econometric research, and theoretical modelling to promote accessibility to a wide audience.
Researchers, academics and economists in the fields of behavioral economics, industrial organization, regulation and consumer psychology will find this book stimulating and useful.
Contributors include: O.H. Azar, J.P. Berkowitz, J.V. Butler, Y. Cao, S.M. Chowdhury, D. Coates, C.A. Depken, R. Eisenhuth, X. Gabaix, J.M. Gandar, F. Herweg, C. Horton Tremblay, B.R. Humphreys, D.R. Just, D. Laibson, E. Lukinova, S. Martin, A.A. Mazooz, D. Mueller, D. Murphy, M. Myagkov, A. Neuhierl, E. Schroeder, D.F. Stone, V.J. Tremblay, D.E. Waldman, P. Weinschenk, W. Wilson, D.H. Wood
The Handbook of Behavioral Industrial Organization explores numerous critical topics including relative thinking, salience, shrouded attributes, overconfidence, status quo bias, identity and motivated reasoning (including cognitive dissonance and confirmation bias). Each of these behavioral concepts is linked to industrial organization and considers multiple industries in order to present a well-rounded and composite approach. Additional chapters focus on industry issues such as the sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral antitrust law. Throughout the Handbook authors use a variety of research methods such as literature surveys, experimental and econometric research, and theoretical modelling to promote accessibility to a wide audience.
Researchers, academics and economists in the fields of behavioral economics, industrial organization, regulation and consumer psychology will find this book stimulating and useful.
Contributors include: O.H. Azar, J.P. Berkowitz, J.V. Butler, Y. Cao, S.M. Chowdhury, D. Coates, C.A. Depken, R. Eisenhuth, X. Gabaix, J.M. Gandar, F. Herweg, C. Horton Tremblay, B.R. Humphreys, D.R. Just, D. Laibson, E. Lukinova, S. Martin, A.A. Mazooz, D. Mueller, D. Murphy, M. Myagkov, A. Neuhierl, E. Schroeder, D.F. Stone, V.J. Tremblay, D.E. Waldman, P. Weinschenk, W. Wilson, D.H. Wood
More details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-78471-897-8 (9781784718978)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by Victor J. Tremblay, Elizabeth Schroeder, Carol Horton Tremblay, Department of Economics, Oregon State University, US
Content
Contents:
PART I INTRODUCTION
1. Behavioral industrial organization: A synthesis of behavioral economics and industrial organization
Elizabeth Schroeder, Carol Horton Tremblay, and Victor J. Tremblay
PART II BEHAVIORAL ISSUES AND INDUSTRIAL ORGANIZATION
2. Relative thinking and industrial organization: A survey
Ofer H. Azar and Amit A. Mazooz
3. Shrouded attributes, consumer myopia, and information suppression in competitive markets
Xavier Gabaix and David Laibson
4. Salience in markets
Fabian Herweg, Daniel Mueller, and Philipp Weinschenk
5. Cognitive dissonance, motivated reasoning, and confirmation bias: Applications in industrial organization
Daniel F. Stone and Daniel H. Wood
6. Risk, overconfidence, and production in a competitive market
David R. Just and Ying Cao
7. Status Quo Bias
Don E. Waldman
8. Cooperation in the social domain: Prisoners' dilemma and social interactions
Evgeniya Lukinova, Wesley W. Wilson, and Mikhail Myagkov
9. Identity and the theory of the firm
Jeffrey V. Butler
PART III INDUSTRY AND ANTITRUST ISSUES IN BEHAVIORAL INDUSTRIAL ORGANIZATION
10. Casino game markets
Roland Eisenhuth, Dermot Murphy, and Andreas Neuhierl
11. One-armed bandits and behavioral economics
Jason P. Berkowitz, Craig A. Depken, II, and John M. Gandar
12. Behavioral and sports economics
Dennis Coates and Brad R. Humphreys
13. Neuroeconomic studies in industrial organization: Brand, advertising, and price effects on consumer valuation and choice
Carol Horton Tremblay
14. Antitrust and the 'Beckerian Proposition': The effects of investigation of fines on cartels
Subhasish M. Chowdhury and Frederick Wandschneider
15. Behavioral Antitrust
Stephen Martin
Index
PART I INTRODUCTION
1. Behavioral industrial organization: A synthesis of behavioral economics and industrial organization
Elizabeth Schroeder, Carol Horton Tremblay, and Victor J. Tremblay
PART II BEHAVIORAL ISSUES AND INDUSTRIAL ORGANIZATION
2. Relative thinking and industrial organization: A survey
Ofer H. Azar and Amit A. Mazooz
3. Shrouded attributes, consumer myopia, and information suppression in competitive markets
Xavier Gabaix and David Laibson
4. Salience in markets
Fabian Herweg, Daniel Mueller, and Philipp Weinschenk
5. Cognitive dissonance, motivated reasoning, and confirmation bias: Applications in industrial organization
Daniel F. Stone and Daniel H. Wood
6. Risk, overconfidence, and production in a competitive market
David R. Just and Ying Cao
7. Status Quo Bias
Don E. Waldman
8. Cooperation in the social domain: Prisoners' dilemma and social interactions
Evgeniya Lukinova, Wesley W. Wilson, and Mikhail Myagkov
9. Identity and the theory of the firm
Jeffrey V. Butler
PART III INDUSTRY AND ANTITRUST ISSUES IN BEHAVIORAL INDUSTRIAL ORGANIZATION
10. Casino game markets
Roland Eisenhuth, Dermot Murphy, and Andreas Neuhierl
11. One-armed bandits and behavioral economics
Jason P. Berkowitz, Craig A. Depken, II, and John M. Gandar
12. Behavioral and sports economics
Dennis Coates and Brad R. Humphreys
13. Neuroeconomic studies in industrial organization: Brand, advertising, and price effects on consumer valuation and choice
Carol Horton Tremblay
14. Antitrust and the 'Beckerian Proposition': The effects of investigation of fines on cartels
Subhasish M. Chowdhury and Frederick Wandschneider
15. Behavioral Antitrust
Stephen Martin
Index