The field of behavioral economics is one of the fastest-growing fields in economics in recent years. Not long ago this was a small field, but over the last decade or so, the field gained more recognition, and today it seems clear that psychological motivations and biases affect economic behavior in many important ways. Insights from psychology were incorporated in several areas of economics. This paper offers a short review of the application of behavioral economics to industrial organization, which can be denoted “behavioral industrial organization,” and on the relationship between behavioral industrial organization, firm strategy, and consumer economics.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
4484.
Find related papers by JEL classification: D40 - Microeconomics - - Market Structure and Pricing - - - General L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General M20 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics - - - General A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines M30 - Business Administration and Business Economics; Marketing; Accounting - - Marketing and Advertising - - - General D10 - Microeconomics - - Household Behavior - - - General
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