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Oligopoly Pricing - (Mit Press) by Xavier Vives (Paperback)

Oligopoly Pricing - (Mit Press) by  Xavier Vives (Paperback)
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Last Price: 45.49 USD

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<p/><br></br><p><b> About the Book </b></p></br></br>Xavier Vives applies a modern game-theoretic approach to develop atheory of oligopoly pricing.<p/><br></br><p><b> Book Synopsis </b></p></br></br>The oligopoly problem--the question of how prices are formed when the market contains only a few competitors--is one of the more persistent problems in the history of economic thought. In this book Xavier Vives applies a modern game-theoretic approach to develop a theory of oligopoly pricing. Vives begins by relating classic contributions to the field--including those of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinson--to modern game theory. In his discussion of basic game-theoretic tools and equilibrium, he pays particular attention to recent developments in the theory of supermodular games. The middle section of the book, an in-depth treatment of classic static models, provides specialized existence results, characterizations of equilibria, extensions to large markets, and an analysis of comparative statics with a view toward applied work. The final chapters examine commitment issues, entry, information transmission, and collusion using a variety of tools: two-stage games, the modeling of competition under asymmetric information and mechanism design theory, and the theory of repeated and dynamic games, including Markov perfect equilibrium and differential games.<p/><br></br><p><b> About the Author </b></p></br></br>Xavier Vives is Director of the Institut d'Anàlisi Econòmica, Barcelona.

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