A greater focus on, and integration of, empirical techniques make this book readily usable for instructors who wish to incorporate data analysis in their courses. This text also places a heavier emphasis on market structure imperfect competition, vertical coordination, contracting, and so on. Providing students with the necessary background to understand the new environment in which they will be expected to operate, including some introduction to game theory with applications, this book is indispensable reading for both upper–level undergraduates and graduate students. Chapters on more advanced techniques such as survey design and conjoint analysis are also included. Each chapter offers practical examples used to make key points, key questions for review purposes, exercises, and questions posed to students that can be used by instructors to stimulate classroom discussion.
Part I: Models and Analysis of Perfectly Competitive Markets:.
1. Market Demand.
2. Market Supply.
3. The Market.
4. Marketing Margins.
5. Stocks and International Markets.
6. Price Variation Across Space.
7. Price Variation Through Time.
8. Product Quality.
9. Futures Markets.
Part II: Imperfect Competition, Market Structure, and Market Analysis:.
11. Strategic Interaction.
12. Imperfect Competition.
13. Vertical Coordination and Contracting in Agriculture.
Part III: Advanced Techniques with Surveys and Experimental Economics:.
14. The Basics of Survey Design.
15. Individual Utility Estimation and Conjoint Analysis.
16. Experimental Methods.