I'm currently an undergraduate freshman looking for resources to self-read Industrial Organization. I've read Varian's undergraduate book cover-to-cover and have a decent understanding of basic game theory, and I own the book Industrial Organization: Theory and Applications by Pepall-Richards-Norman

Is there another book that would be better for someone who wants a rigorous treatment of IO that is mathematically advanced but theoretically digestable, or is this one optimal? (By the time I begin to self-read, I'll have finished most of baby Rudin).


3 Answers 3


While taking Industrial Organization I remember working with:

  1. Strategies and games: theory and practice by Dutta
  2. Introduction to industrial organization by Cabral
  3. Industrial organization: theory and applications by Shy
  4. Industrial Organization: Markets and Strategies by Belleflamme and Peitz

The first two are rather introductory while third and forth are more advanced (getting into greater detail with a little bit more advanced maths). You can probably find them online if you try.

And on top of that, I really enjoyed The Economics of industrial organization by Shepherd. It is way older than the others but still made quite a good read.

  • 2
    $\begingroup$ I don’t know the first three but bellflame’s book is good I would recommend it as well $\endgroup$
    – 1muflon1
    Nov 19, 2019 at 15:29
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    $\begingroup$ I recommend it as well, but there are two authors, Paul Belleflamme and Martin Peitz. Let me edit that in. $\endgroup$
    – Bayesian
    Nov 19, 2019 at 15:35

I would recommend the The theory of Industrial Organization and the Game Theory from Jean Tirole

  • 1
    $\begingroup$ It is a great book, but perhaps a little outdated. $\endgroup$
    – Bayesian
    Nov 19, 2019 at 15:37

For a slightly different perspective and somewhat newer tools, I would suggest "Oligopoly Pricing: Old Ideas and New Tools" by Xavier Vives.


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