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Description for Oligopoly
Paperback. Focusing on classical oligopoly theory from 1840-1940, this volume uses topology and numerics to reconsider work by early oligopoly researchers in the light of modern dynamics. It resuscitates some of the field's original ideas after decades of oblivion. Num Pages: 172 pages, biography. BIC Classification: KCD; PBW. Category: (G) General (US: Trade). Dimension: 235 x 155 x 10. Weight in Grams: 291.
The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition ... Read more
The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition ... Read more
Product Details
Format
Paperback
Publication date
2014
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
172
Condition
New
Number of Pages
172
Place of Publication
Berlin, Germany
ISBN
9783642423550
SKU
V9783642423550
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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