Strategic interaction and markets / Jean J. Gabszewicz.

Format:

Book

Author/Creator:

Gabszewicz, Jean Jaskold.

Contributor:

Oxford University Press.

Language:

English

Subjects (All):

Competition.

Game theory.

Physical Description:

1 online resource (98 p.)

Place of Publication:

Oxford ; New York : Oxford University Press, c1999.

Language Note:

English

Summary:

Imperfect competition is the paradigm that develops as soon as economic agents interact in a conscious manner. This text explores the theoretical richness of these economic contexts using some tools of game theory.

Contents:

Contents; 1 Introduction; 2 From perfect to imperfect competition; 2.1 Barriers to entryand collusion; 2.1.1 The assumption of an atomistic market; 2.1.2 Barriers to entryas an obstacle to competition; 2.1.3 Collusion as an obstacle to competition; 2.2 Product differentiation; 2.2.1 The assumption of a homogeneous product; 2.2.2 How to differentiate one's product; 2.2.3 Demand structure and product differentiation; 2.2.4 Product differentiation, market structure and entry; 2.3 Imperfect information as an obstacle to competition; 2.3.1 The assumption of perfect information

2.3.2 The consequences of imperfect information2.4 Imperfect competition and game theory; 2.4.1 Cooperation versus non-cooperation; 2.4.2 Market structures; 3 The number of agents: entry, barriers to entry and collusion; 3.1 Entryand strategic competition; 3.1.1 A small number of sellers: Monopolyand duopoly; 3.1.2 Strategic entry; 3.2 Barriers to entryand competition; 3.2.1 The theoryof limit pricing; 3.2.2 The role of investment as a barrier to entry; 3.2.3 Dynamic limit pricing; 3.3 Collusion and competition; 3.3.1 The difficulties of coordination

3.3.2 The stabilityof collusive agreements4 Product differentiation; 4.1 Monopoly and product differentiation; 4.1.1 Selecting the product line; 4.1.2 Quality selection; 4.2 Duopolyand product differentiation; 4.2.1 Horizontal product differentiation; 4.2.2 Vertical product differentiation; 4.3 Entryin a differentiated market; 4.3.1 Entry under horizontal product differentiation; 4.3.2 Entry under vertical product differentiation; 5 Imperfect information; 5.1 Imperfect information about prices; 5.2 Imperfect information about quality; 6 Imperfect competition and general equilibrium

6.1 The cooperative approach6.1.1 The core of an exchange economy; 6.1.2 The core and the set of competitive allocations; 6.1.3 The core and imperfect competition; 6.2 The non-cooperative approach; 7 Conclusion; References; Index; A; B; C; D; E; G; H; I; L; M; N; O; P; Q; S; T

Notes:

Description based upon print version of record.

Includes bibliographical references (p. [88]-89) and index.

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

9786611989989

0-19-151888-3

1-281-98998-3

OCLC:

61188776