Author: Ioannis Nicolaos Kessides
Publisher:
ISBN:
Category :
Languages : en
Pages : 236

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Book Description

Author: Jeffrey C. Marquardt
Publisher:
ISBN:
Category : Oligopolies
Languages : en
Pages : 384

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Book Description

Author: Vaughan Andrew Dickson
Publisher: Fredericton : University of New Brunswick, Department of Economics
ISBN:
Category : Oligopolies
Languages : en
Pages : 34

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Book Description

Author: Roger Sherman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

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Book Description

Author: A. Koutsoyiannis
Publisher:
ISBN:
Category : Oligopolies
Languages : en
Pages : 26

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Book Description

Author: David D. Whitehead
Publisher:
ISBN:
Category : Bank holding companies
Languages : en
Pages : 22

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Book Description

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.

Author: Edward T. Cope
Publisher:
ISBN:
Category :
Languages : en
Pages : 124

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Book Description
The objective of this thesis is to conduct an empirical test of the kinked oligopoly demand theory. The kinked demand theory has received a from economists since its introduction in 1939. The theory has received support from subjective opinion surveys among businessmen, but no previous empirical test has been able to show evidence of the kink. The theory describes a reasonably intuitive notion that oligopolistic market rivals will match price decreases, but not increases. The kink is simply a bend or elbow in the demand curve at the point where this 'stickness' occurs. The bend in the curve also results in a discontinuity in the marginal revenue curve. This results in the implication that oligopoly prices will tend to be rigid in the face of moderate cost and demand changes. A second version of the kink describes a 'reflex kink' which produces relatively flexible oligopoly prices when industries are operating at, or close to, peak capacity. (Keywords: Economies; Economic analysis).

Author: Thierry Foucault
Publisher: Oxford University Press
ISBN: 0197542069
Category : Capital market
Languages : en
Pages : 531

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Book Description
"The process by which securities are traded is very different from the idealized picture of a frictionless and self-equilibrating market offered by the typical finance textbook. This book offers a more accurate and authoritative take on this process. The book starts from the assumption that not everyone is present at all times simultaneously on the market, and that participants have quite diverse information about the security's fundamentals. As a result, the order flow is a complex mix of information and noise, and a consensus price only emerges gradually over time as the trading process evolves and the participants interpret the actions of other traders. Thus, a security's actual transaction price may deviate from its fundamental value, as it would be assessed by a fully informed set of investors. The book takes these deviations seriously, and explains why and how they emerge in the trading process and are eventually eliminated. The authors draw on a vast body of theoretical insights and empirical findings on security price formation that have come to form a well-defined field within financial economics known as "market microstructure." Focusing on liquidity and price discovery, the book analyzes the tension between the two, pointing out that when price-relevant information reaches the market through trading pressure rather than through a public announcement, liquidity may suffer. It also confronts many striking phenomena in securities markets and uses the analytical tools and empirical methods of market microstructure to understand them. These include issues such as why liquidity changes over time and differs across securities, why large trades move prices up or down, and why these price changes are subsequently reversed, and why we observe temporary deviations from asset fair values"--

Author: Leonard W. Weiss
Publisher: MIT Press (MA)
ISBN: 9780262231435
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
Does seller concentration in a market raise prices? Many attempts have been made to test this classic hypothesis of oligopoly theory, none of them convincing. Leonard Weiss and his colleagues have devised and applied a systematic set of direct tests of the concentration price hypothesis. In an innovative series of empirical studies, they examine the effect of concentration on price for the same item sold in markets that vary because of space, time, or transaction. They conclude that concentration does indeed tend to raise price. Studies in the book's first part test specific aspects of the concentration price hypothesis. These include a case study of Portland cement deregulated fares, the relation between change in price and change in concentration in the US and in the EEC, the effect of the numbers of bidders in auctions, and the effects of concentration on wages. The book's second part brings together for the first time previously published and widely scattered studies of the concentration price relationship in advertising media, retailing, the railroads, livestock purchasing, and banking. Viewed together, they provide powerful support for the role of concentration in determining price. Leonard W. Weiss is Professor of Economics at the University of Wisconsin, Madison.P>