Microeconomic Theories of Imperfect Competition: Old Problems and New PerspectivesJean Jaskold Gabszewicz, Jacques François Thisse Microeconomic Theories of Imperfect Competition: Old Problems and New Perspectives is an authoritative collection of readings which, together with a new, original introductory essay by the editors, provides a broad overview of the major theoretical concepts in the field. This collection includes published papers on industry size: quantity and price competition, entry barriers, product differentiation, incomplete information, general equilibrium with imperfect competition. This book will be essential reading both for those seeking an introduction to the subject and those seeking a new perspective. |
Contents
Acknowledgements | ix |
ENTRY BARRIERS | x |
George J Stigler 1964 A Theory of Oligopoly Journal | 161 |
Copyright | |
6 other sections not shown
Common terms and phrases
analysis assume assumption average cost behavior Bertrand Bertrand competition buyers capacity cartel choose collusion commodity condition of entry consider consumers cost function Cournot competition Cournot equilibrium decision defined demand function duopoly Economic Studies Edgeworth elasticity equation equilibrium price ERIC MASKIN established firms example existence finite firm's Folk Theorem follows free entry Gabszewicz Game Theory given increase incumbent industry JEAN TIROLE Journal of Economic kinked demand large traders Lemma limit pricing long-run marginal cost market share maximize Monopolistic Competition monopoly price Nash equilibrium non-cooperative equilibrium number of firms oligopolistic oligopoly optimal output P₁ Pareto optimal payoff perfect perfectly competitive period player positive possible potential entrants price competition price leadership problem product differentiation profit proof Proposition quantity result Review of Economic rival Section sellers solution strategy subgame substitutes supergame Suppose Theorem Thisse variable vector x₁ zero