Noncooperative Approaches to the Theory of Perfect Competition
eBook - PDF

Noncooperative Approaches to the Theory of Perfect Competition

  1. 281 pages
  2. English
  3. PDF
  4. Available on iOS & Android
eBook - PDF

Noncooperative Approaches to the Theory of Perfect Competition

About this book

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.

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Information

Publisher
Academic Press
Year
2014
Print ISBN
9780124767508
eBook ISBN
9781483271606
Topic
Business
Subtopic
Business General
Index
Business

Table of contents

  1. Front Cover
  2. Noncooperative Approaches to the Theory of Perfect Competition
  3. Copyright Page
  4. Table of Contents
  5. Contributors
  6. Preface
  7. Chapter 1. Noncooperative Approaches to the Theory of Perfect Competition: Presentation
  8. Chapter 2. Collusive Behavior in Noncooperative Epsilon-Equilibria of Oligopolies with Long but Finite Lives
  9. Chapter 3. Noncooperative Price Taking in Large Dynamic Markets
  10. Chapter 4. The No-Surplus Condition as a Characterization of Perfectly Competitive Equilibrium
  11. Chapter 5. A Characterization of Perfectly Competitive Economies with Production
  12. Chapter 6. Perfect Competition, the Profit Criterion, and the Organization of Economic Activity
  13. Chapter 7. Small Efficient Scale as a Foundation for Walrasian Equilibrium
  14. Chapter 8. The Limit Points of Monopolistic Competition
  15. Chapter 9. Perfect Competition and Optimal Product Differentiation
  16. Chapter 10. Equilibrium in Simple Spatial (or Differentiated Product) Models
  17. Chapter 11. Entry (and Exit) in a Differentiated Industry
  18. Chapter 12. Efficiency Properties of Strategic Market Games: An Axiomatic Approach
  19. Chapter 13. Nash Equilibria of Market Games: Finiteness and Inefficiency
  20. Index

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Yes, you can access Noncooperative Approaches to the Theory of Perfect Competition by Andreu Mas-Colell in PDF and/or ePUB format, as well as other popular books in Business & Business General. We have over 1.5 million books available in our catalogue for you to explore.