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Oligopoly Pricing by Xavier Vives
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Description

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, charactertizations 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 modelling of competition under asymmetric information and mechanism design theory, and the theory of repeated and dynamic games, including Markov perfect equilibrium and differential games.

Author Biography:

Xavier Vives is Director of the Institut d'An lisi Econ mica, Barcelona.
Release date NZ
July 27th, 2001
Author
Audiences
  • Further/Higher Education
  • Postgraduate, Research & Scholarly
  • Professional & Vocational
  • Undergraduate
Pages
442
Dimensions
152x229x25
ISBN-13
9780262720403
Product ID
2111046

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