Over the past twenty years, the study of industrial organization—the analysis of imperfectly competitive markets—has grown from a niche area of microeconomics to a key component of economics and of related disciplines such as finance, strategy, and marketing. This book provides an issue-driven introduction to industrial organization. While formal in its approach, the book is written in a way that requires only basic mathematical training.

“Industrial Organization has needed a book like this. This articulate exposition of the subject by Luis Cabral, who has himself made many important contributions to the field, will be invaluable to all students of industrial organization.”

— Paul Klemperer
Fellow of the British Academy and
Edgeworth Professor of Economics
Oxford University

“This book seems destined to become a leading text in the field. It contains extremely good motivating examples from several countries, and is the first book successfully to incorporate a modern discussion of the determinants of market structure. I intend to adopt it.”

— Michael Waterson
Department of Economics
University of Warwick