Skip to main content

Save up to 20% on Elsevier print and eBooks with free shipping. No promo code needed.

Save up to 20% on print and eBooks.

Noncooperative Approaches to the Theory of Perfect Competition

1st Edition - November 28, 1982

Editor: Andreu Mas-Colell

Language: English
eBook ISBN:
9 7 8 - 1 - 4 8 3 2 - 7 1 6 0 - 6

Economic Theory, Econometrics, and Mathematical Economics: A Series of Monographs and Textbooks: Noncooperative Approaches to the Theory of Perfect Competition focuses on the… Read more

Noncooperative Approaches to the Theory of Perfect Competition

Purchase options

LIMITED OFFER

Save 50% on book bundles

Immediately download your ebook while waiting for your print delivery. No promo code is needed.

Institutional subscription on ScienceDirect

Request a sales quote
Economic Theory, Econometrics, and Mathematical Economics: A Series of Monographs and Textbooks: Noncooperative Approaches to the Theory of Perfect Competition focuses on the application of noncooperative approaches to the theory of perfect competition, including Cournot game, no-surplus condition, and Nash equilibria. The selection first elaborates on collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives and noncooperative price taking in large dynamic markets. Discussions focus on noncooperative equilibria which support the monopoly allocation, alternative definition of perfect epsilon-equilibrium, one-period Cournot game, fixed-demand case, and replication case. The book takes a look at noncooperative price taking in large dynamic markets, no-surplus condition as a characterization of perfectly competitive equilibrium, perfect competition, profit criterion, and the organization of economic activity. Topics include profits to individually improving welfare, structure of firms, competitive allocations as no surplus allocations, profits as rents, Walrasian and perfectly competitive equilibrium, and no-surplus and core equivalence as alternative characterizations of perfectly competitive equilibrium. The manuscript ponders on Nash equilibria of market games and efficiency properties of strategic market games, as well as commodities, agents, assignments, strategic markets games, proper and full Cournot-Nash equilibria, and finiteness and inefficiency. The selection is a valuable source of data for researchers interested in noncooperative approaches to the theory of perfect competition.