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  3. Oligopoly Theory
  • Cited by 183
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    • Publisher:
      Cambridge University Press
      Publication date:
      September 2009
      September 1983
      ISBN:
      9780511571893
      9780521282444
      DOI:
      https://doi.org/10.1017/CBO9780511571893
      Dimensions:
      Weight & Pages:
      Dimensions:
      (216 x 138 mm)
      Weight & Pages:
      0.35kg, 260 Pages
      • Subjects:
      Economics, Industrial Economics, Macroeconomics, Economic Theory
      Series:
      Cambridge Surveys of Economic Literature
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    • Selected: Digital
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    Subjects:
    Economics, Industrial Economics, Macroeconomics, Economic Theory
    Series:
    Cambridge Surveys of Economic Literature
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    Book description

    James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics. The book begins with static oligopoly theory. Cournot's model and its more recent elaborations are covered in the first substantive chapter. Then the Chamberlinian analysis of product differentiation, spatial competition, and characteristics space is set out. The subsequent chapters on modern work deal with reaction functions, advertising, oligopoly with capital, entry, and oligopoly using noncooperative game theory. A large bibliography is provided.

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