James Friedman offers an intensive survey of oligopoly thought utilizing numerical examples and cautious verbal factors to make the guidelines transparent and obtainable. whereas the sooner principles of Cournot, Hotelling, and Chamberlin are provided, the bigger a part of the booklet is dedicated to the trendy paintings on oligopoly that has resulted from the appliance of dynamic suggestions and video game conception to this region of economics. The publication starts off with static oligopoly concept. Cournot's version and its more moderen embellishments are coated within the first major bankruptcy. Then the Chamberlinian research of product differentiation, spatial pageant, and features house is determined out. the next chapters on glossy paintings take care of response services, ads, oligopoly with capital, access, and oligopoly utilizing noncooperative video game thought. a wide bibliography is supplied.
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