Oligopoly and the Theory of Games

Oligopoly and the Theory of Games PDF Author: James W. Friedman
Publisher: North-Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 336

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Book Description

Oligopoly and the Theory of Games

Oligopoly and the Theory of Games PDF Author: James W. Friedman
Publisher: North-Holland
ISBN:
Category : Business & Economics
Languages : en
Pages : 336

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Book Description


Handbook of Game Theory and Industrial Organization, Volume I

Handbook of Game Theory and Industrial Organization, Volume I PDF Author: Luis C. Corchón
Publisher: Edward Elgar Publishing
ISBN: 178536328X
Category : Business & Economics
Languages : en
Pages : 567

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Book Description
The first volume of this wide-ranging Handbook contains original contributions by world-class specialists. It provides up-to-date surveys of the main game-theoretic tools commonly used to model industrial organization topics. The Handbook covers numerous subjects in detail including, among others, the tools of lattice programming, supermodular and aggregative games, monopolistic competition, horizontal and vertically differentiated good models, dynamic and Stackelberg games, entry games, evolutionary games with adaptive players, asymmetric information, moral hazard, learning and information sharing models.

Strategy and Market Structure

Strategy and Market Structure PDF Author: Martin Shubik
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 422

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Book Description


Equilibrium Theory for Cournot Oligopolies and Related Games

Equilibrium Theory for Cournot Oligopolies and Related Games PDF Author: Pierre von Mouche
Publisher: Springer
ISBN: 3319292544
Category : Business & Economics
Languages : en
Pages : 298

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Book Description
This state-of-the-art collection of papers on the theory of Cournotian competition focuses on two main subjects: oligopolistic Cournot competition and contests. The contributors present various applications of the Cournotian Equilibrium Theory, addressing topics such as equilibrium existence and uniqueness, equilibrium structure, dynamic processes, coalitional behavior and welfare. Special emphasis is placed on the aggregative nature of the games that are relevant to such theory. This contributed volume was written to celebrate the 80th birthday of Prof. Koji Okuguchi, a pioneer in oligopoly theory.

Economics and the Theory of Games

Economics and the Theory of Games PDF Author: Michael Bacharach
Publisher: CRC Press
ISBN: 0429708084
Category : Mathematics
Languages : en
Pages : 526

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Book Description
This textbook offers a systematic, self-contained account of the main contributions of modern game theory and its applications to economics. Starting with a detailed description of how to model strategic situations, the discussion proceeds by studying basic solution concepts, their main refinements, games played under incomplete information, and repeated games. For each of these theoretical developments, there is a companion set of applications that cover the most representative instances of game-theoretic analysis in economics, e.g. oligopolistic competition, public goods, coordination failures, bargaining, insurance markets, implementation theory, signaling and auctions. The theory and applications covered in the first part of the book fall under the so-called 'classical' approach to game theory, which is founded on the paradigm of players' unlimited rationality. The second part shifts towards topics that no longer abide by that paradigm. This leads to the study of topics such as the interplay between evolution and rationality.

Oligopoly Theory

Oligopoly Theory PDF Author: James Friedman
Publisher: CUP Archive
ISBN: 9780521282444
Category : Business & Economics
Languages : en
Pages : 262

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Book Description
James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics. The book begins with static oligopoly theory. Cournot's model and its more recent elaborations are covered in the first substantive chapter. Then the Chamberlinian analysis of product differentiation, spatial competition, and characteristics space is set out. The subsequent chapters on modern work deal with reaction functions, advertising, oligopoly with capital, entry, and oligopoly using noncooperative game theory. A large bibliography is provided.

Game Theory and Economic Behaviour

Game Theory and Economic Behaviour PDF Author: Reinhard Selten (Economist, Germany)
Publisher: Edward Elgar Publishing
ISBN: 9781781008294
Category :
Languages : en
Pages : 924

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Book Description
'These two volumes constitute an impressive collection of selected path-breaking works of Professor Selten. . . . Edward Elgar Publications deserve merit for bringing out most frequently-cited and prominent articles of Professor Selten in a conveniently available package.' - K. Ravikumar, Journal of Scientific and Industrial Research In 1994, the Nobel Prize was awarded to Reinhard Selten, John Nash and John Harsanyi, for pioneering analysis in game theory. Selten was the first to refine the Nash equilibrium concept of non-cooperative games for analysing dynamic strategic interaction and to apply these concepts to analyses of oligopoly.

The Theory of Oligopoly with Multi-Product Firms

The Theory of Oligopoly with Multi-Product Firms PDF Author: Koji Okuguchi
Publisher: Springer Science & Business Media
ISBN: 3662026228
Category : Business & Economics
Languages : en
Pages : 177

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Book Description
In this book a rigorous, systematic, mathematical analysis is presented for oligopoly with multi-product firms in static as well as dynamic frameworks in the light of recent developments in theories of games, oligopoly and industrial organization. The general results derived in this book on oligopoly with multi-product firms contain, as special cases, all previous results on oligopoly with single product as well as oligopoly with product differentiation and single product firms. A constructive nu- merical method is given for finding the Cournot-Nash equilibrium, which may be extremely valuable to those who are interested in numerical analysis of the effects of various industrial policies. A sequential adjustment process is also formulated for finding the equilibrium. Dynamic adjustment processes have two versions, one with a discrete time scale and the other with a continuous time scale. The stability of the equilibrium is thoroughly investigated utilizing powerful mathematical results from the stability and linear algebra literature. The methodology developed for analyzing stability proves to be useful for dynamic analysis of economic models.

Political Economy, Oligopoly and Experimental Games

Political Economy, Oligopoly and Experimental Games PDF Author: Martin Shubik
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 600

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Book Description
These essays of Shubik's represent how his work connects ideas, precision and the methods of mathematics in the area of game theory and economic problems. They through light on price systems and money.

Oligopoly Pricing

Oligopoly Pricing PDF Author: Xavier Vives
Publisher: MIT Press (MA)
ISBN: 9780262220606
Category : Business & Economics
Languages : en
Pages : 446

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Book Description
Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.