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Problems of coordination in economic activity
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ISBN: 0792393813 9401046131 940111398X 9780792393818 Year: 1994 Publisher: Dordrecht Kluwer

Oligopoly theory
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ISBN: 0521282446 0521238277 0511571895 9780521282444 9780521238274 9780511571893 Year: 1983 Publisher: Cambridge Cambridge University Press

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Abstract

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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