Price Leadership, Collusion, and Parallel Pricing in Oligopoly Markets
Author: Robert F. Allen
Publisher:
Published: 1975
Total Pages: 62
ISBN-13:
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Author: Robert F. Allen
Publisher:
Published: 1975
Total Pages: 62
ISBN-13:
DOWNLOAD EBOOKAuthor: Xavier Vives
Publisher: MIT Press (MA)
Published: 1999
Total Pages: 446
ISBN-13: 9780262220606
DOWNLOAD EBOOKApplies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.
Author: Claude d’Aspremont
Publisher: Springer Nature
Published: 2021-05-18
Total Pages: 160
ISBN-13: 303063602X
DOWNLOAD EBOOKThis book provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. This measure reflects the weight put by each firm on competition for market share relative to competition for market size – two dimensions of competition involving conflicting and convergent interests, respectively. It further explores several applications, such as the effect of tougher competition on innovation and of output market power on the emergence of involuntary unemployment, as well as the importance of strategic interactions for investment decisions. Relative to the dominant model of monopolistic competition, The Economics of Competition, Collusion and In-between aims to explore an alternative tractable model of firm competition opening the application of oligopoly theory to many fields in economics where general equilibrium features are crucial. It will be relevant to those interested in applied industrial organization, trade, macroeconomics (in particular macrodynamics) and quantitative economics.
Author: Sigrid Stroux
Publisher: Kluwer Law International B.V.
Published: 2004-01-01
Total Pages: 290
ISBN-13: 9041122966
DOWNLOAD EBOOK"Any practitioner, policymaker, or academic, in the field of competition law could hardly ask for a more thoroughly documented work. EC and US antitrust law is examined, and dozens of court decisions are quoted, with complete citations throughout. The books is a gold mine for anyone interested in the important task of extending the reach of competition law and antitrust law in this era of globalization."--BOOK JACKET.
Author: Kiyohiko G. Nishimura
Publisher:
Published: 1993
Total Pages: 62
ISBN-13:
DOWNLOAD EBOOKAuthor: Chaim Fershtman
Publisher:
Published: 1999
Total Pages: 56
ISBN-13:
DOWNLOAD EBOOKMost of the theoretical work on collusion and price wars assumes identical firms and an unchanging environment, assumptions which are at odds with what we know about most industries. Further that literature focuses on the impact of collusion on prices. Whether an industry can support collusion also effects investment incentives and hence the variety, cost, and quality of the products marketed. We provide a collusive framework with heterogeneity among firms, investment, entry, and exit. It is a symmetric information model in which it is hard to sustain collusion when either one of the firms does not keep up with the advances of its competitors, or a low quality' entrant enters. In either case there will be an active firm that is quite likely to exit after it deviates, but if one of the competitors is near an exit state the other incumbent(s) has an incentive to price predatorily (that is to deviate themselves). We use numerical analysis to compare an institutional structure that allows for collusion to one which does not (perhaps because of an active antitrust authority). Price paths clearly differ in the two environments; in particular only the collusive industry generates price wars. The collusive industry offers both more and higher quality products to consumers, albeit often at a higher price. The positive effect of collusion on the variety and quality of products marketed more than compensates consumers for the negative effect of collusive prices, so that consumer surplus is larger in the collusive environment.
Author: Louis Phlips
Publisher:
Published: 1993
Total Pages: 48
ISBN-13:
DOWNLOAD EBOOKAuthor: Pieter Theo Dijkstra
Publisher:
Published: 2014
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Robert E. Kuenne
Publisher: Springer
Published: 2016-01-20
Total Pages: 442
ISBN-13: 0230503713
DOWNLOAD EBOOKThe theory of price and quality decision-making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a novel theory of that decision-making, based upon the notion of the industry as a community of agents who are involved in both competitive and cooperative relationships. It develops theories and illustrates methodological approaches to the analysis of price and quality decision-making in such instances of a 'rivalrous consonance of interests' among firms.
Author: William John 1905- Fellner
Publisher: Hassell Street Press
Published: 2021-09-10
Total Pages: 360
ISBN-13: 9781015210752
DOWNLOAD EBOOKThis work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.