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Strategic Interaction and Markets

Jean J. Gabszewicz

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198233411
eISBN:
9780191596292
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198233418.001.0001
Subject:
Economics and Finance, Microeconomics

Perfect competition provides a model of a frictionless economy in which economic agents behave independently of each other, abandoning to the market the task of coordinating their individual ... More


 Applications

George J. Mailath and Larry Samuelson

in Repeated Games and Reputations: Long-Run Relationships

Published in print:
2006
Published Online:
January 2007
ISBN:
9780195300796
eISBN:
9780199783700
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300796.003.0011
Subject:
Economics and Finance, Behavioural Economics

This chapter illustrates how the theory of repeated games with imperfect public monitoring can be used in economic applications. It examines collusion in oligopoly with imperfectly monitored demand, ... More


Oligopoly Theory and the Agreement Requirement

Louis Kaplow

in Competition Policy and Price Fixing

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158624
eISBN:
9781400846078
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158624.003.0007
Subject:
Economics and Finance, Economic History

This chapter assesses the relationship between modern oligopoly theory and the meaning of the agreement requirement. Because competition law seeks to regulate oligopoly behavior and, moreover, to ... More


Competition Policy and Price Fixing

Louis Kaplow

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158624
eISBN:
9781400846078
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158624.001.0001
Subject:
Economics and Finance, Economic History

Throughout the world, the rule against price fixing is competition law's most important and least controversial prohibition. Yet there is far less consensus than meets the eye on what constitutes ... More


The Monopoly Enigma, the Reagan Administration's Antitrust Experiment, and the Global Economy

Louis Galambos

in Constructing Corporate America: History, Politics, Culture

Published in print:
2004
Published Online:
September 2007
ISBN:
9780199251902
eISBN:
9780191719059
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199251902.003.0006
Subject:
Business and Management, Business History

In the 1980s, the Reagan Administration drastically altered American antitrust policy, virtually eliminating Section 2 cases involving monopolies. This chapter provides a context for that decision by ... More


Strategic Games, Scale, and Efficiency, or Chandler goes to Hollywood 1

Leslie Hannah

in Business in Britain in the Twentieth Century: Decline and Renaissance?

Published in print:
2009
Published Online:
September 2009
ISBN:
9780199226009
eISBN:
9780191710315
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199226009.003.0002
Subject:
Business and Management, Business History

The many errors and misjudgments in Alfred D. Chandler's Scale and Scope derive from its framing in an established Anglo-American Whig-Progressive misinterpretation of business and technological ... More


 Selling Dear

Ken Binmore

in Playing for Real: Game Theory

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195300574
eISBN:
9780199783748
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195300574.003.0010
Subject:
Economics and Finance, Microeconomics

This chapter is an introduction to the theory of imperfectly competitive markets — a subject that was largely terra incognita before the advent of game theory. The models studied include those of ... More


Introduction

Louis Kaplow

in Competition Policy and Price Fixing

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158624
eISBN:
9781400846078
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158624.003.0001
Subject:
Economics and Finance, Economic History

This chapter summarizes the book's main arguments. It sketches an overview of an analytical foundation for designing policy toward coordinated price elevation in oligopolistic industries, at the same ... More


Sanctions

Louis Kaplow

in Competition Policy and Price Fixing

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158624
eISBN:
9781400846078
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158624.003.0013
Subject:
Economics and Finance, Economic History

This chapter analyzes sanctions, concentrating primarily on deterrence. In many instances, reflecting current practice, the most important instruments are fines levied by government enforcers and, ... More


Conclusion

Louis Kaplow

in Competition Policy and Price Fixing

Published in print:
2013
Published Online:
October 2017
ISBN:
9780691158624
eISBN:
9781400846078
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691158624.003.0019
Subject:
Economics and Finance, Economic History

This chapter links three arguments offered in favor of the traditional view to the foregoing analysis. One argument asserts a difficulty in attacking purely interdependent behavior because such would ... More


Applications

Debraj Ray

in A Game-Theoretic Perspective on Coalition Formation

Published in print:
2007
Published Online:
January 2008
ISBN:
9780199207954
eISBN:
9780191709104
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199207954.003.0006
Subject:
Economics and Finance, Financial Economics

This chapter studies two applications of the theory developed so far. First, coalition formation in a Cournot oligopoly is examined. The second application studies coalition formation in a pollution ... More


Strategic Trade Policy

W. Max Corden

in Trade Policy and Economic Welfare

Published in print:
1997
Published Online:
November 2003
ISBN:
9780198775348
eISBN:
9780191715471
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198775342.003.0014
Subject:
Economics and Finance, International

Theories of strategic trade policy that allow for oligopoly and for strategic interactions, and which appear to justify trade interventions, are analysed sceptically. Also discussed is the industrial ... More


Introduction *

Krishnendu Ghosh Dastidar, Hiranya Mukhopadhyay, and Uday Bhanu Sinha

in Dimensions of Economic Theory and Policy: Essays for Anjan Mukherji

Published in print:
2011
Published Online:
September 2012
ISBN:
9780198073970
eISBN:
9780199081615
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198073970.003.0001
Subject:
Economics and Finance, Microeconomics

This book discusses various aspects of economic theory and quantitative techniques and their applications and relevance to policymaking. It features contributions from economists who have come ... More


Stochastic Evolution

Fernando Vega‐Redondo

in Evolution, Games, and Economic Behaviour

Published in print:
1996
Published Online:
November 2003
ISBN:
9780198774723
eISBN:
9780191596971
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198774729.003.0005
Subject:
Economics and Finance, Microeconomics

The chapter introduces noise (conceived as mutation or experimentation) into evolutionary processes. This appears to be particularly well suited to tackle problems of equilibrium selection in games, ... More


Industrial Organization

Hiroyuki Odagiri

in Growth through Competition, Competition through Growth: Strategic Management and the Economy in Japan

Published in print:
1994
Published Online:
November 2003
ISBN:
9780198288732
eISBN:
9780191596711
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288735.003.0008
Subject:
Economics and Finance, South and East Asia

Competition, it is argued, is a behavioural concept, and the growth pursuit of Japanese firms and their preference for internal growth over mergers and acquisitions make the markets competitive, ... More


The Production Decisions of Competitive Firms

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0005
Subject:
Economics and Finance, Microeconomics

This chapter examines the factors that influence the production decisions of competitive firms. It explains that a firm is usually assumed to produce the quantity of output that maximizes its profit, ... More


Oligopoly and Oligopsony: Classic Models

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0015
Subject:
Economics and Finance, Microeconomics

This chapter examines the classic models of the microeconomic theories of oligopoly and oligopsony. It explains that oligopoly is a market structure in which there are only a few important sellers ... More


Game Theory and Modern Models of Oligopoly

John P. Burkett

in Microeconomics: Optimization, Experiments, and Behavior

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195189629
eISBN:
9780199850778
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195189629.003.0021
Subject:
Economics and Finance, Microeconomics

This chapter examines the origins and goals of game theory and the modern models of oligopoly. Game theory was developed by J. von Neumann and O. Morgenstern and it originally focused on the ... More


Mergers, Acquisitions, and Inter‐Firm Technology Agreements in the Global Learning Economy

Lynn K. Mytelka

in The Globalizing Learning Economy

Published in print:
2002
Published Online:
November 2003
ISBN:
9780199258178
eISBN:
9780191595868
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199258171.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental

Assesses the contribution of international interfirm technology agreements to enterprise learning and innovation by situating these agreements in the broader context of changes in the structure of ... More


Dynamic Games

GREGORY C. CHOW

in Dynamic Economics: Optimization by the Lagrange Method

Published in print:
1997
Published Online:
October 2011
ISBN:
9780195101928
eISBN:
9780199855032
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195101928.003.0006
Subject:
Economics and Finance, Financial Economics

The dynamic game theory—which is commonly used to study pricing methods in oligopolic situations—is introduced in this chapter through the dynamic optimization perspective. A model of dynamic games ... More


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