Spiegler Ran

in Bounded Rationality and Industrial Organization

Published in print February 2011 | ISBN: 9780195398717
Published online September 2011 | e-ISBN: 9780199896790 | DOI:

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This chapter serves as a general introduction to the book, providing the general context that gives rise to the need for market models that account for “boundedly rational” behavior on the part of consumers and firms. It provides a brief background on the existing literature, brings the focus of the book onto Industrial Organization, and offers an overview of the rest of the book and recommendations on how to use it.

Keywords: bounded rationality; industrial organization; behavioral economics; behavioral industrial organization; market models

Chapter.  3286 words. 

Subjects: Economics

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