Pepall's Industrial Organization: Contemporary Theory and Empirical
Applications, 5th Edition offers an accessible text in which topics
are organized in a manner that motivates and facilitates progression
from one chapter to the next. It serves as a complete, but concise,
introduction to modern industrial economics.
The text uniquely uses the tools of game theory, information economics,
contracting issues, and practical examples to examine multiple facets of
industrial organization. The fifth edition is more broadly accessible,
balancing the tension between making modern industrial analysis
accessible while also presenting the formal abstract modeling that gives
the analysis its power. The more overtly mathematical content is
presented in the Contemporary Industrial Organization text (aimed at the
top tier universities) while this Fifth Edition will less mathematical
(aimed at a wider range of four-year colleges and state universities.