Overview

"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."

Full Product Details

Author:   Xavier Vives (Professor of Economics and Finance, IESE Business School)
Publisher:   MIT Press Ltd
Imprint:   MIT Press
Edition:   New edition
Dimensions:   Width: 15.20cm , Height: 2.50cm , Length: 22.90cm
Weight:   0.590kg
ISBN:  

9780262720403

ISBN 10:   026272040
Pages:   442
Publication Date:   27 July 2001
Recommended Age:   From 18
Audience:   Adult education ,  College/higher education ,  Professional and scholarly ,  Further / Higher Education ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Reviews

"""An exceedingly careful and thorough treatment of the theoretical stock of knowledge on imperfect competition by one of the best oligopoly theorists of his generation....Its comprehensive coverage and attention to theoretical foundations and to proving results rigorously and with utmost generality means that scholars, not just students, will benefit from reading it."" - Joseph Harrington, Professor of Economics, Johns Hopkins University"

An exceedingly careful and thorough treatment of the theoretical stock of knowledge on imperfect competition by one of the best oligopoly theorists of his generation....Its comprehensive coverage and attention to theoretical foundations and to proving results rigorously and with utmost generality means that scholars, not just students, will benefit from reading it. - Joseph Harrington, Professor of Economics, Johns Hopkins University

Author Information

Xavier Vives is Director of the Institut d'An lisi Econ mica, Barcelona.

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