Oligopoly Pricing: Old Ideas and New Tools by Xavier Vives

Oligopoly Pricing: Old Ideas and New Tools

byXavier Vives

Paperback | July 27, 2001

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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.

About The Author

Xavier Vives is Director of the Institut d'Anàlisi Econòmica, Barcelona.
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Details & Specs

Title:Oligopoly Pricing: Old Ideas and New ToolsFormat:PaperbackDimensions:441 pages, 9 × 6 × 1 inPublished:July 27, 2001Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:026272040X

ISBN - 13:9780262720403

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Xavier Vives is one of the outstanding scholars of his generation in oligopoly and industrial organization theory. His book, Oligopoly Pricing, is learned, broad, deep, and up-to-date. He understands and explains well the originators from Cournot onward all the way to the most contemporary contributions.