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This Element offers a review and synthesis of the theoretical analysis of mixed oligopoly, that is a hybrid market structure in which public (state-owned) and private firms interact, using a variety of strategic variables. A distinguishing feature of a mixed oligopoly is that firms have different objectives. A public firm's objective is a notion of social welfare while a private firm is profit maximising. Privatisation and partial-privatisation of a public firm is also discussed, together with several applications from diverse subfields spanning industrial organisation, applied microeconomic theory, innovation, international trade and environment policy. The authors also discuss ways in which the original analysis has been enriched to study the interaction between providers of public sector services as opposed to traditional goods.
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Bei der Frage nach der Harmonisierung der Mehrwertsteuersätze in der EU wird oft das Argument des auf ein niedriges Niveau führenden Steuerwettbewerbs angeführt. Der Autor untersucht am Beispiel des EG-Neufahrzeugmarktes die Konsequenzen von Steuersatzdifferentialen bei einem Übergang zum Ursprungslandprinzip. Aus der ausführlichen Beschreibung des Neufahrzeugmarktes läßt sich eine Unterstellung des von Stackelberg-Modells für die modelltheoretische Analyse ableiten. Es zeigt sich, daß Steuersatzvariationen zur Steigerung von Steuereinnahmen und zur Stützung heimischer Produktion ein unsicheres Mittel sind. Abschließend wird die preistheoretische Untersuchung mittels Aussagen der Wissenschaftstheorie kritisch hinterfragt.
Economic theory. --- Political entrepreneurship. --- Oligopolies.
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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.
Oligopolies --- Oligopoles --- Microeconomics --- 380.22 --- AA / International- internationaal --- Economic concentration --- Monopolies, Partial --- Partial monopolies --- Competition, Imperfect --- Interorganizational relations --- Concurrentie. Monopolie, duopolie, oligopolie --- Business, Economy and Management --- Economics --- Oligopolies.
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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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Antitrust law --- Oligopolies --- Law, Politics & Government --- Law, General & Comparative --- Economic concentration --- Monopolies, Partial --- Partial monopolies --- 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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Celebrating the 150th anniversary of Cournot's work, which Mark Blaug has characterized as 'a book that for sheer originality and boldness of conception has no equal in the history of economics thought', this volume focuses on the properties and uses of Cournot's model of competition among the few. While there are many issues that Cournot explored in researches into the mathematical principles of the theory of wealth, the topic that he is most readily associated with - and which now is also enjoying a revival - is his model of oligopolistic interaction among firms. This revival of interest in Cournot's model is due largely to increased emphasis by economists on capturing elements of imperfect competition and strategic behavior.
Microeconomics --- Cournot, Antoine Augustin --- Economics. Cournot, Augustin --- Business, Economy and Management --- Economics --- Oligopolies. --- Cournot, A. A. --- Economic concentration --- Monopolies, Partial --- Partial monopolies --- Competition, Imperfect --- Interorganizational relations --- Cournot, Augustin
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Laws prohibiting unilateral anticompetitive conduct have been the subject of vigorous international debate for decades, as policymakers, antitrust scholars and agencies continue to disagree over how best to regulate the market conduct of a single firm with substantial market power. Katharine Kemp describes the controversy over Australia's misuse of market power laws in recent years, which mirrored the international debate in this sphere, and culminated in the fundamental reform of the misuse of market power prohibition under the Competition and Consumer Act 2010 (Cth) in 2017. Misuse of Market Power: Rationale and Reform explains Australia's new misuse of market power law, which adopts an 'effects-based test' for unilateral conduct, and makes a comparative analysis between Australian tests for unilateral anticompetitive conduct and tests from the US and the EU. This text also illuminates the frequently mentioned, but little understood, concept of 'purpose' and its role in framing unilateral conduct standards.
Antitrust law --- Industrial concentration --- Combinations, Industrial --- Concentration, Industrial --- Economic concentration --- Big business --- Duopolies --- Oligopolies --- Trusts, Industrial --- Competition --- Consolidation and merger of corporations --- Industrial organization --- Government policy --- Australia.
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Taxation of articles of consumption. --- Oligopolies. --- Economic concentration --- Monopolies, Partial --- Partial monopolies --- Competition, Imperfect --- Interorganizational relations --- Consumption (Economics) --- Excise --- Taxation of consumer goods --- Indirect taxation --- Octroi --- Taxation
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Oligopolies --- Game theory --- Management games --- Oligopoles --- Théorie des jeux --- Jeux d'entreprise --- Mathematical models --- Modèles mathématiques. --- Théorie des jeux --- Modèles mathématiques.
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