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actually adjust agents allocative analysis analytical assumed assumptions bargaining theory basic behaviour business strategy calibrated central competitive level concentration conjectural variations parameter contestable markets cooperative Cournot model Cournot oligopoly cross sectional Demsetz deter entry domestic oligopolists econometric economics economists elasticity entry threat example exogenous field Figure focus Free rider problems game theory homogeneous I0 specialist important incumbent firms Industrial Organization Keynesian Macroeconomics macroeconomists marginal cost market demand curve market power market share maximising monopolistic competitors monopoly level monopoly pricing Nash equilibrium NEIO non-cooperative oligopoly number of firms oligopolistic market oligopoly model oligopoly outcome oligopoly problem oligopoly theory payoff perceived demand curve perfect monopoly perfectly competitive predictions price-cost Prisoner's Dilemma Prisoner's Dilemma Game prisoners profit margins proposition real world repeated game scale economies Scherer selection bias sellers set price situation structure-performance suppose survey tacit collusion tariff textbook theoretical theorists Tirole trade University of Auckland variables