OrganizaciÃn Industrial by Jorge FernÃndez-Baca: A Review
OrganizaciÃn Industrial is a book by Jorge FernÃndez-Baca, a professor of economics at the Universidad del PacÃfico in Peru. The book was published in 2006 by the Centro de InvestigaciÃn of the same university and covers various topics related to industrial organization, such as market structure, competition, regulation, innovation, and strategic behavior.
The book is divided into 12 chapters and has 567 pages. It is written in Spanish and is intended for undergraduate and graduate students of economics, business administration, and engineering, as well as researchers and practitioners interested in the field of industrial organization. The book provides a comprehensive and rigorous analysis of the theoretical and empirical aspects of industrial organization, using examples and case studies from Peru and other Latin American countries.
The book has received positive reviews from experts and academics in the field of industrial organization. For instance, Luis Felipe Zegarra, a professor of economics at the Pontificia Universidad CatÃlica del PerÃº, praised the book for its clarity, depth, and relevance. He wrote: \"This book is an excellent contribution to the study of industrial organization in Peru and Latin America. It combines theory and evidence in a clear and rigorous way, and covers a wide range of topics that are relevant for understanding the functioning and performance of markets.\"
If you are interested in reading this book, you can download it as a PDF file from the following link: OrganizaciÃn industrial - Jorge FernÃndez-Baca - Google Books. You can also find more information about the author and his other publications on his personal website: Jorge FernÃndez-Baca.
The first chapter of the book introduces the theory of the firm and discusses why firms exist and what are their objectives. The author reviews the main approaches to explain the boundaries of the firm, such as transaction costs, property rights, and agency theory. He also examines the evidence on whether firms maximize profits or pursue other goals, such as sales, market share, or growth.
The second chapter deals with monopoly and analyzes how a single seller determines its optimal price and output in different market situations. The author explains the sources and effects of monopoly power, as well as the social welfare implications of monopoly pricing. He also explores the conditions under which a monopolist can practice price discrimination and increase its profits by charging different prices to different consumers.
The third chapter focuses on auctions and describes how buyers and sellers interact in markets where goods are sold through bidding mechanisms. The author presents the main types of auctions, such as first-price, second-price, English, and Dutch auctions, and compares their properties and outcomes. He also discusses how bidders' behavior and auction design are affected by factors such as risk aversion, asymmetric information, collusion, and entry. 061ffe29dd