The [Oxford] Handbook of Managerial Economics

Hardcover | June 20, 2013

EditorChristopher R. Thomas, William F. Shughart

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The Oxford Handbook of Managerial Economics, the first of its kind, aims to provide researchers, practitioners, policymakers, and teachers with summaries of the state of the art in the field of managerial economics. Edited by the coauthors of two managerial economics textbooks, comprising 25chapters contributed by leading scholars and business consultants from around the globe, and drawing on the literature of, among others, economics, finance, industrial organization, marketing, behavioral psychology, game theory and auction theory, the Handbook summarizes cutting-edge approaches tothe analysis of the decision-making challenges faced by the managers of for-profit and nonprofit enterprises. The problems addressed run the gamut from cost estimation, product development and promotion, optimal pricing strategies for network industries and make-or-buy decisions, to organizational design, performance pay, corporate governance, strategies for multinational corporations and the socialresponsibilities of business. Each of the managerial economics experts commissioned for the volume also identify the problems that are yet to be solved and thus point the way toward topics for future research. Managerial economics has moved far beyond simply applying neoclassical microeconomictheory to the actual world of practical business decision-making. By illustrating how disciplines other than economics can fruitfully be brought to bear in helping to analyze and to understand the incentives and constraints under which business managers operate, the Handbook fills in the gapsbetween theory and practice. Sometimes technical, but always reader-friendly, no one with an interest in the modern world of business or public policies toward it can afford to ignore the analyses and the important lessons taught by the contributors to it.

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The Oxford Handbook of Managerial Economics, the first of its kind, aims to provide researchers, practitioners, policymakers, and teachers with summaries of the state of the art in the field of managerial economics. Edited by the coauthors of two managerial economics textbooks, comprising 25chapters contributed by leading scholars and ...

Christopher R. Thomas is Exide Professor of Sustainable Enterprise and Associate Professor of Economics at the University of South Florida. William F. Shughart is Senior Fellow at The Independent Institute and and Frederick A. P. Barnard Distinguished Professor of Economics at the University of Mississippi.

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Format:HardcoverDimensions:592 pages, 9.75 × 6.75 × 0.98 inPublished:June 20, 2013Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199782954

ISBN - 13:9780199782956

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Table of Contents

Part 1: Nature, Scope, and Future of Managerial Economics1. Managerial economics: Introduction and overview2. Managerial economics: present and futurePart 2: Managing Demand and Cost Conditions3. Estimating market power and strategies4. Advances in production and cost frontier analysis of the firm5. Supply chain design and risk management6. Combinatorial AuctionsPart 3: Analytical Foundations of Modern Managerial Economics7. Game and information theory in modern managerial economics8. Issues in analysis of time, risk, and uncertainty9. Behavioral economics and managerial decision makingPart 4: Pricing and Marketing Tactics and Strateg10. Advances in pricing strategy and tactics11. Product development and promotionPart 5: Strategy and Business Competition12. Market imperfections and sustainable competitive advantage13. The new managerial economics of firm growth: the role of intangible assets and capabilities14. Strategies for network industries15. Internalization theory as the general theory of international strategic management: past, present and future16. Competitive strategy in the nonprofit sectorPart 6: Firm Boundaries and Organizational Architecture17. Organizational design and firm performance18. Design and implementation of pay for performance19. Vertical merger20. The evolving modern theory of the firmPart 7: Financial Structure, Incentives, and Governance21. Financing the business firm22. Corporate governance and organizational performancePart 8: Public Policy for Managers23. Managing workplace safety and health24. Merger strategies and antitrust concerns25. On the profitability of corporate environmentali