Competition, Collusion, and Game Theory
AldineTransaction (Verlag)
978-0-202-30925-5 (ISBN)
Economic theorists have been working on a new and fundamental approach to the theory of competition and market structure, an approach inspired by appreciation of the earlier work of Edgeworth and Bohm-Bawerk and making use of the new tools of the theory of games as developed by von Neumann and Morgenstern. This new approach bases itself on the analysis of competitive behavior and its implications for the characteristics of market equilibrium rather than on assumptions about the characteristics of competitive and monopolistic markets. Its central concept is "the theory of the core of the market," and it is concerned, with the conditions under which markets will or will not achieve the characteristics of uniform prices and welfare optimality.
Telser provides a number of insights into the symptoms of competition, when and how competition is bought into play, the mechanisms of competition and collusion, the results of competition and collusion, and the results of competition and collusion for the economy and for the general public. Many misconceptions about the nature of a competitive equilibrium are dispelled. The book is not only a mathematical analysis of core price theory but also contains extensive empirical research in private industry. These empirical findings, from research pursued over several years, enhance understanding of how competition works and of the determinants of the returns to manufacturing industries.
Lester G. Telser is professor emeritus of economics at the University of Chicago. He is one of the world's leading mathematical economists; he has been a Visiting Research Fellow, Cowles Foundation for Research in Economics, Yale University; Ford Foundation Faculty Research Fellow; and assistant professor of economics, Iowa State University. In 2005 he received the St. Clair Drake award from Roosevelt University.
I: Applications of Core Theory to Market Exchange; II: Further Applications of Core Theory to Market Exchange; III: Applications of the Core to Oligopoly; IV: Theories of Expectations for N Competing Firms; V: Competition or Collusion?; VI: The Monopoly and Cournot-Nash Equilibria under Dynamic Conditions; VII: Estimates of Demand, Price Policy, and the Ratio of Price to Marginal Cost by Brand for Selected Consumer Goods; VIII: Some Determinants of the Returns to Manufacturing Industries
| Erscheint lt. Verlag | 15.7.2007 |
|---|---|
| Verlagsort | Somerset |
| Sprache | englisch |
| Maße | 152 x 229 mm |
| Gewicht | 589 g |
| Themenwelt | Mathematik / Informatik ► Mathematik ► Angewandte Mathematik |
| Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik | |
| Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management | |
| Wirtschaft ► Volkswirtschaftslehre | |
| ISBN-10 | 0-202-30925-8 / 0202309258 |
| ISBN-13 | 978-0-202-30925-5 / 9780202309255 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
| Haben Sie eine Frage zum Produkt? |
aus dem Bereich
