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Oligopolies. --- Environmental policy --- Environmental impact charges. --- Economic aspects.

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The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition is due to mistakenly assuming constant returns, and that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory, such as coexistence and multiplicity of attractors are focused again after many undeserved decades of oblivion.

Oligopolies -- Mathematical models. --- Oligopolies. --- Management --- Business & Economics --- Industrial Management --- Management Theory --- Interorganizational relations. --- Monopolies, Partial --- Partial monopolies --- Applied mathematics. --- Engineering mathematics. --- Industrial organization. --- Economics. --- Industrial Organization. --- Applications of Mathematics. --- Intergroup relations --- Organization --- Complex organizations --- Economic concentration --- Competition, Imperfect --- Interorganizational relations

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The book focuses on the dynamics of nonlinear oligopoly models. It discusses the classical Cournot model with a large variety of demand and cost functions that illustrate the many different types of possible best response functions and it shows the existence of unique and multiple equilibria. Particular emphasis is placed on the influence of nonnegativity and capacity constraints. Dynamics are introduced under various assumptions for the adjustment process. An introduction to the analysis of global dynamics is given through some specific examples. The book also considers concave and general oligopolies and gives conditions for the local asymptotic stability of their equilibria, and it investigates global dynamics in some special cases. Other oligopolies examined include market share attraction games, labor-managed oligopolies, partially cooperating firms and models with intertemporal demand attraction. Local/global stability analyses are carried out for these models and the impact of constraints is discussed. The book contains a number of technical appendices that summarize techniques of global dynamics not easily accessible elsewhere. .

Oligopolies -- Mathematical models. --- Oligopolies. --- Oligopolies --- Management --- Business & Economics --- Economic Theory --- Industrial Management --- Mathematical models --- Mathematics. --- Mathematical models. --- Math --- Game theory. --- Statistical physics. --- Dynamical systems. --- Economic theory. --- Microeconomics. --- Industrial organization. --- Economics. --- Economic Theory/Quantitative Economics/Mathematical Methods. --- Game Theory, Economics, Social and Behav. Sciences. --- Industrial Organization. --- Statistical Physics, Dynamical Systems and Complexity. --- Science

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Oligopolies --- Competition --- Restraint of trade --- Restraint of trade. --- Combinations in restraint of trade --- Competition law --- Restrictive trade practices --- Trade, Restraint of --- Trade practices, Unfair --- Unfair trade practices --- Commercial crimes --- Trade regulation --- Monopolies --- Trusts, Industrial --- Law and legislation

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Dynamic oligopolistic competition has implications both for the strategic management of firms and for the design of an effective competition policy. Consequently, the present book considers the issue from a private and social perspective. It discusses the potential pro- and anticollusive effects of long-term business strategies, especially for cooperation and reinvestment in production, financing and management compensation, in markets with fluctuating demand. The method of supergame theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its contributions to the theoretical literature, the book provides valuable insights into the design of competition policy. The observed development of prices is an indicator of the extent of collusion in the market and can thereby be used to assess antitrust regulation in certain business areas, and to focus the resources of competition authorities on markets where conditions are conducive to collusion.

Oligopolies --- Competition --- Game theory. --- Mathematical models. --- Games, Theory of --- Theory of games --- Mathematical models --- Mathematics --- Leadership. --- Organization. --- Industrial organization. --- Microeconomics. --- Business Strategy/Leadership. --- Industrial Organization. --- Price theory --- Economics --- Industries --- Organization --- Industrial concentration --- Industrial management --- Industrial sociology --- Organisation --- Management --- Ability --- Command of troops --- Followership --- Planning. --- Creation (Literary, artistic, etc.) --- Executive ability