Cantitate/Preț
Produs

Oligopoly: Old Ends - New Means

Autor Tönu Puu
en Limba Engleză Hardback – 2 dec 2010
The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition is due to mistakenly assuming constant returns, and that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory, such as coexistence and multiplicity of attractors are focused again after many undeserved decades of oblivion.
Citește tot Restrânge

Toate formatele și edițiile

Toate formatele și edițiile Preț Express
Paperback (1) 63501 lei  6-8 săpt.
  Springer Berlin, Heidelberg – 14 oct 2014 63501 lei  6-8 săpt.
Hardback (1) 64103 lei  6-8 săpt.
  Springer Berlin, Heidelberg – 2 dec 2010 64103 lei  6-8 săpt.

Preț: 64103 lei

Preț vechi: 75415 lei
-15% Nou

Puncte Express: 962

Preț estimativ în valută:
12269 12644$ 10358£

Carte tipărită la comandă

Livrare economică 01-15 martie

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9783642159633
ISBN-10: 364215963X
Pagini: 170
Ilustrații: IX, 172 p.
Dimensiuni: 155 x 235 x 20 mm
Greutate: 0.44 kg
Ediția:2011
Editura: Springer Berlin, Heidelberg
Colecția Springer
Locul publicării:Berlin, Heidelberg, Germany

Public țintă

Research

Cuprins

Introduction.- Cournot Oligopoly.- Duopoly and Complex Dynamics.- Stackelberg Leadership.- Capacity Limits.- Multistability.- The Hotelling Paradox.

Textul de pe ultima copertă

The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition is due to mistakenly assuming constant returns, and that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory, such as coexistence and multiplicity of attractors are focused again after many undeserved decades of oblivion.

Caracteristici

There exists no other book reconsidering oligopoly theory in its heyday in view of the new dynamics including exotic phenomena such as chaos There is ample computer graphics to illustrate all important issues The book has a through-going relation to classical oligopoly theory as it developed in history Includes supplementary material: sn.pub/extras