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Noncooperative Approaches to the Theory of Perfect Competition
- 1st Edition - May 10, 2014
- Editor: Andreu Mas-Colell
- Language: English
- Paperback ISBN:9 7 8 - 1 - 4 8 3 2 - 4 3 2 7 - 6
- 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
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Request a sales quoteEconomic 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.
Contributors
Preface
Noncooperative Approaches to the Theory of Perfect Competition: Presentation
Collusive Behavior in Noncooperative Epsilon-Equilibria of Oligopolies with Long but Finite Lives
Noncooperative Price Taking in Large Dynamic Markets
The No-Surplus Condition as a Characterization of Perfectly Competitive Equilibrium
A Characterization of Perfectly Competitive Economies with Production
Perfect Competition, the Profit Criterion, and the Organization of Economic Activity
Small Efficient Scale as a Foundation for Walrasian Equilibrium
The Limit Points of Monopolistic Competition
Perfect Competition and Optimal Product Differentiation
Equilibrium in Simple Spatial (or Differentiated Product) Models
Entry (and Exit) in a Differentiated Industry
Efficiency Properties of Strategic Market Games: An Axiomatic Approach
Nash Equilibria of Market Games: Finiteness and Inefficiency
Index
- No. of pages: 280
- Language: English
- Edition: 1
- Published: May 10, 2014
- Imprint: Academic Press
- Paperback ISBN: 9781483243276
- eBook ISBN: 9781483271606
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