Oligopoly Theory

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CUP Archive, Sep 30, 1983 - Business & Economics - 240 pages
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James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics. The book begins with static oligopoly theory. Cournot's model and its more recent elaborations are covered in the first substantive chapter. Then the Chamberlinian analysis of product differentiation, spatial competition, and characteristics space is set out. The subsequent chapters on modern work deal with reaction functions, advertising, oligopoly with capital, entry, and oligopoly using noncooperative game theory. A large bibliography is provided.
 

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Contents

The Cournot model of oligopoly
19
Differentiated products models of oligopoly
50
Product choice and location
77
Reaction functions
104
Oligopoly and advertising
136
Oligopoly with capital
162
Entry
180
Oligopoly and noncooperative game theory
207
Notes
227
Author Index
237
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