Oligopoly pricing : old ideas and new tools
The "oligopoly problem"--The question of how prices are formed when the market contains only a few competitors--is one of the more persistent problems in the history of economic thought. In this book Xavier Vives applies a modern game-theoretic approach to develop a theory of oligopoly pri...
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| Formato: | Libro |
| Lenguaje: | English |
| Publicado: |
Cambridge, Massachusetts :
MIT Press,
c1999.
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| Materias: |
| Sumario: | The "oligopoly problem"--The question of how prices are formed when the market contains only a few competitors--is one of the more persistent problems in the history of economic thought. In this book Xavier Vives applies a modern game-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson--to modern game theory. In his discussion of basic game-theoretic tools and equilibrium, he pays particular attention to recent developments in the theory of supermodular games. The middle section of the book, an in-depth treatment of classic static models, provides specialized existence results, characterizations of equilibria, extensions to large markets, and an analysis of comparative statics with a view toward applied work. The final chapters examine commitment issues, entry, information transmission, and collusion using a variety of tools: two-stage games, the modeling of competition under asymmetric information and mechanism design theory, and the theory of repeated and dynamic games, including Markov perfect equilibrium and differential games. |
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| Descripción Física: | xiv, 425 p. : ilustraciones ; 24 cm. |
| Bibliografía: | Incluye bibliografía : (pág. [385] -413) |
| ISBN: | 9780262220606 9780262720403 |