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Original Essays | June 22, 2009

All posts by Bethany Moreton Culture War on Aisle 5? Wal-Mart, Evangelicals, and "Extreme Capitalism"

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"In the 'culture wars' narrative of the Republican ascendancy, this slippage represents the greatest con in recent history: while you rush to defend marriage or protect the unborn, please pay no attention to the financier behind the curtain." Continue »

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    To Serve God and Wal-Mart: The Making of Christian Free Enterprise

    Bethany Moreton

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Oligopoly Pricing: Old Ideas and New Tools

by Xavier Vives

Oligopoly Pricing: Old Ideas and New Tools Cover

Synopses & Reviews

Publisher Comments:

The andquot;oligopoly problemandquot;andmdash;the question of how prices are formed when the market contains only a few competitorsandmdash;is one of the more persistent problems in the history of economic thought. In this book Xavier Vives applies a modern game-theoretic approach to develop a theory of oligopoly pricing.

Vives begins by relating classic contributions to the fieldandmdash;including those of Cournot, Bertrand, Edgeworth, Chamberlin, and Robinsonandmdash;to modern game theory. In his discussion of basic game-theoretic tools and equilibrium, he pays particular attention to recent developments in the theory of supermodular games. The middle section of the book, an in-depth treatment of classic static models, provides specialized existence results, characterizations of equilibria, extensions to large markets, and an analysis of comparative statics with a view toward applied work. The final chapters examine commitment issues, entry, information transmission, and collusion using a variety of tools: two-stage games, the modeling of competition under asymmetric information and mechanism design theory, and the theory of repeated and dynamic games, including Markov perfect equilibrium and differential games.

Synopsis:

Applies a modern game-theoretic approach to develop a theory of oligopoly pricing. The text relates classic contributions to the field of modern game theory and discusses basic game-theoretic tools and equilibrium, paying particular attention to developments in the theory of supermodular games.

Synopsis:

Xavier Vives applies a modern game-theoretic approach to develop atheory of oligopoly pricing.
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About the Author

Xavier Vives is Director of the Institut d'Anlisi Econmica, Barcelona.
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Product Details

ISBN:
9780262720403
Subtitle:
Old Ideas and New Tools
Author:
Vives, Xavier
Publisher:
MIT Press (MA)
Subject:
Finance
Subject:
Economics - Theory
Edition Description:
Trade paper
Publication Date:
September 2001
Binding:
Paperback
Grade Level:
Professional and scholarly
Language:
English
Illustrations:
Y
Pages:
448
Dimensions:
9 x 6 in
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