Industrial organization is the field of economics that studies the behavior of firms, the structure of markets and of their interactions. Theoretical analysis in the field is heavily based on game theory. This is not to be confused with the related psychological area, Industrial and organizational psychology. U.S. Economic Calendar Economics at the Open Directory Project Economics textbooks on Wikibooks The Economists Economics A-Z Institutions and organizations Bureau of Labor Statistics - from the American Labor Department Center for Economic and Policy Research (USA) National Bureau of Economic Research (USA) - Economics material from the organization... Chichicastenango, Guatemala traditional market Market stall in internally displaced persons camp in Kitgum, northern Uganda Mercado dos Lavradores, Funchal (Madeira Islands) A market is a mechanism which allows people to trade, normally governed by the theory of supply and demand. ... Game theory is a branch of applied mathematics that studies strategic situations where players choose different actions in an attempt to maximize their returns. ... Industrial and organizational psychology (or I/O psychology) is the study of the behavior of people in the workplace. ...
The common market structures studied in this field are the following: In economics, the main criteria by which one can distinguish between different market forms are: the number and size of producers and consumers on the market, the type of goods and services being traded, and the degree to which information can flow freely. ...
The subject has a theoretical side and a practical side. According to one text book: "On one plane the field is abstract, a set of analytical concepts about competition and monopoly. On a second plane the topic is about real markets, teeming with the excitement and drama of struggles among real firms" (Shepherd, W.; 1985; 1). Perfect competition is a model in economic theory. ... Monopolistic competition is a common market form. ... Jump to: navigation, search An _______ is market form in which a market is dominated by a small number of sellers (oligopolists). ... An oligopsony is a market form in which the number of buyers are small while the number of sellers in theory could be large. ... Jump to: navigation, search In economics, a monopoly (from the Greek monos, one + polein, to sell) is defined as a persistent market situation where there is only one provider of a kind of product or service. ... In economics, a monopsony is a market form with only one buyer, called monopsonist, facing many sellers. ...
References
Tirole, Jean The Theory of Industrial Organization, (The MIT Press, 1988). This is a "standard" graduate textbook in the field. The book requires extensive knowledge of calculus as well as game theory.
Shy, Oz Industrial Organization: Theory and Application (The MIT Press, 1995). This is an undergraduate text.
Shepherd, William The Economics of Industrial Organization (Prentice-Hall, 1985) ISBN 0-13-231481-9 This is an undergrad text.
Notes by ph.D. candidate Diego Domínguez (U. of Rochester)
industrial union, labor union composed of all the workers in a given industry, regardless of skill, craft, or occupation (as opposed to the craft union, in which all members are of one skill, such as carpenters or electricians).
Three kinds of industrial unions were recognized—those consisting of all employees working on the same commodity (e.g., electrical workers or brewery workers), those using the same tools to work on different materials (e.g., textile and aluminum workers), and all employees of a given factory regardless of their particular skill.
Industrial unionism is a labor union organizing method through which all workers in the same industry are organized into the same union -- regardless of skill or trade -- thus giving workers in one industry, or in all industries, more leverage in bargaining and in strike situations.
Industrialorganization is the field of economics that studies the strategic behavior of firms, the structure of markets and their interactions.
Given that it was the first field that used game theory in economics, industrialorganization has become the natural exporter of methodological tools to other branches of microeconomics, such as organizationeconomics, corporate finance, information economics.
Shepherd, William The Economics of IndustrialOrganization (Prentice-Hall, 1985) ISBN 0-13-231481-9 This is an undergrad text.
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