Theories Of Imperfectly Competitive Markets
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Theories Of Imperfectly Competitive Markets
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Author : Luis C. Corchon
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Theories Of Imperfectly Competitive Markets written by Luis C. Corchon and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.
The ambition of the theory of imperfectly competitive markets is to explain the working of markets in which the issue of strategic interaction among firms is central. Our analysis of this problem will be based on equilibrium concepts borrowed from Game Theory. This research program arises several questions on its feasibility like the empirical relevance of the results, the substantial theoretical insights obtained in this way, etc. Unfortunately, most of these questions can not be answered in the short run. This book is written in the hope that this research strategy is meaningful, but about its final success no body can tell. Another important question is if simpler models could deliver the essential insights offered by the theory of imperfectly competitive mar kets. This Introduction will be devoted to argue that, currently, there is no alternative to the approach presented in this book. Consider the following fact: A square inch of soil in the Explanada of Ali cante (located in front of the sea, right in the middle of downtown) cost several times more than a square inch of soil in San Vicente del Raspeig (located sev eral miles toward the interior of the peninsula). l How can we explain such a thing? First notice that because of the large quantity of possible traders involved in this market, we can safely assume that any agent has to accept the market price, i. e. is a price-taker.
Theories Of Imperfectly Competitive Markets
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Author : Luis C. Corchón
language : en
Publisher:
Release Date : 1996
Theories Of Imperfectly Competitive Markets written by Luis C. Corchón and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Theory Of Markets
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Author : Thin Tun
language : en
Publisher: Harvard University Press
Release Date : 1960
Theory Of Markets written by Thin Tun and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1960 with Business & Economics categories.
Concerned primarily with oligopoly, this work includes a general study of pricing in three different markets--perfect competition, perfect monopoly, and imperfect competition. The solutions of these markets offered by Cournot, Smithies, Chamberlin, Stackelberg, Fellner, and Robinson are presented mathematically, followed by the author's own version of the theory of rational pricing in oligopoly. Previous authors have not allowed for all the variables arising from profit and price situations in the market. Here, more realistic assumptions and more complex analyses indicate that sellers in oligopoly situations do not always need to arrange specific agreements--hence, that "administered" pricing does not inevitably occur when the market is dominated by a few producers.
Alternative Theories Of Competition
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Author : Jamee K. Moudud
language : en
Publisher: Routledge
Release Date : 2012-10-12
Alternative Theories Of Competition written by Jamee K. Moudud and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-10-12 with Business & Economics categories.
The history of policymaking has been dominated by two rival assumptions about markets. Those who have advocated Keynesian-type policies have generally based their arguments on the claim that markets are imperfectly competitive. On the other hand laissez faire advocates have argued the opposite by claiming that in fact free market policies will eliminate "market imperfections" and reinvigorate perfect competition. The goal of this book is to enter into this important debate by raising critical questions about the nature of market competition. Drawing on the insights of the classical political economists, Schumpeter, Hayek, the Oxford Economists’ Research Group (OERG) and others, the authors in this book challenge this perfect versus imperfect competition dichotomy in both theoretical and empirical terms. There are important differences between the theoretical perspectives of several authors in the broad alternative theoretical tradition defined by this book; nevertheless, a unifying theme throughout this volume is that competition is conceptualized as a dynamic disequilibrium process rather than the static equilibrium state of conventional theory. For almost all the others the growth of firm is consistent with a heightened degree of competitiveness, as both Marx and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' view.
Theory And Empirical Work On Imperfectly Competitive Markets
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Author : Ariel Pakes
language : en
Publisher:
Release Date : 2008
Theory And Empirical Work On Imperfectly Competitive Markets written by Ariel Pakes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Competition, Imperfect categories.
"This paper reviews recent methodological developments in the empirical analysis of imperfectly competitive markets highlighting outstanding problems. Some of these problems are econometric; e.g. the need for a deeper understanding of the small sample properties of our estimators. Most of the other problems relate to issues which have been a central part of ongoing research programs in economic theory for some time. We consider ways in which applied work can cope with these problems and, in so doing, also inform theory. The use of estimators based on moment inequalities opens up several possibilities in this regard and a detailed discussion of the assumptions used to rationalize these estimators is provided. An example, the analysis of contracts in buyer-seller networks, is used to highlight these points"--National Bureau of Economic Research web site
Cost Uncertainty And Welfare
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Author : Stephan John Nash
language : en
Publisher: Routledge
Release Date : 2018-12-17
Cost Uncertainty And Welfare written by Stephan John Nash and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-17 with Social Science categories.
First published in 1998. This work contributes to the discussion of Knight by showing that uncertainty broadens the conception of economic welfare, and that a new cost analysis holds the key to unlocking the Knightian corpus. It develops Knight's suggestion that uncertainty-control costs can be reduced - arguing that the large firm enjoys economic rent from utilizing its dominant vantage point in the market. The author demonstrates that while Knight provides the intellectual stimulus which propelled Chamberlin's thesis of monopolistic competition, Chamberlin uses a very abstract form of uncertainty in his analysis.
Monopolistic Competition Theory Studies In Impact
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Author : Edward Chamberlin
language : en
Publisher: New York : Wiley
Release Date : 1967
Monopolistic Competition Theory Studies In Impact written by Edward Chamberlin and has been published by New York : Wiley this book supported file pdf, txt, epub, kindle and other format this book has been release on 1967 with Competition categories.
The Economics Of Imperfect Competition
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Author : Melvin L. Greenhut
language : en
Publisher: Cambridge University Press
Release Date : 1987-01-30
The Economics Of Imperfect Competition written by Melvin L. Greenhut and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-01-30 with Business & Economics categories.
This new approach to traditional price theory and to the analysis of imperfect competition represents a breakthrough in the development of a "new" microeconomic theory. Addresses issues in price theory, industrial organization, international trade and regional urban economics.
Microeconomic Theories Of Imperfect Competition
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Author : Jean Jaskold Gabszewicz
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999
Microeconomic Theories Of Imperfect Competition written by Jean Jaskold Gabszewicz and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Competition, Imperfect categories.
This collection of readings provides a broad overview of the major theoretical concepts in the field and includes papers on industry size, quantity and price competition, entry barriers, product differentiation, incomplete information and general equilibrium with imperfect competition.
Monopolistic Competition And Macroeconomic Theory
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Author : Robert M. Solow
language : en
Publisher: Cambridge University Press
Release Date : 1998-11-28
Monopolistic Competition And Macroeconomic Theory written by Robert M. Solow and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-11-28 with Business & Economics categories.
Nobel Laureate Robert Solow assesses the implications of monopolistic competition on macroeconomic theory.