Description
The Economics of Competition, Collusion and In-between, 1st ed. 2021
Authors: d’Aspremont Claude, Dos Santos Ferreira Rodolphe
Language: English
Subject for The Economics of Competition, Collusion and In-between:
Approximative price 116.04 €
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the book of d’Aspremont Claude, Dos Santos Ferreira Rodolphe
Publication date: 05-2022
160 p. · 14.8x21 cm · Paperback
Approximative price 116.04 €
In Print (Delivery period: 15 days).
Add to cart the book of d’Aspremont Claude, Dos Santos Ferreira Rodolphe
Publication date: 05-2021
160 p. · 14.8x21 cm · Hardback
Description
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This book provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. This measure reflects the weight put by each firm on competition for market share relative to competition for market size ? two dimensions of competition involving conflicting and convergent interests, respectively. It further explores several applications, such as the effect of tougher competition on innovation and of output market power on the emergence of involuntary unemployment, as well as the importance of strategic interactions for investment decisions.
Relative to the dominant model of monopolistic competition, The Economics of Competition, Collusion and In-between aims to explore an alternative tractable model of firm competition opening the application of oligopoly theory to many fields in economics where general equilibrium features are crucial. It will be relevant to those interested in applied industrial organization, trade, macroeconomics (in particular macrodynamics) and quantitative economics.
Chapter 1: Modelling the intensity of competition
Chapter 2: Competition for Market share and for market size
Chapter 3: Competition within and between groups of firms
Chapter 4: Extensions
Claude d’Aspremont is Emeritus Professor in Economics, member and Past-President of the Center for Operations Research and Econometrics (CORE) at the Université Catholique de Louvain (UCL), Belgium. He was awarded the Francqui Prize 1995.
Rodolphe Dos Santos Ferreira is Emeritus Professor in Economics at the University of Strasbourg, France, working at the Bureau d’Economie Théorique et Appliquée (BETA), of which he was co-director (1979-1992). He is also a part-time member of Católica Lisbon School of Business and Economics, Portugal. He is a honorary senior member of the Institut Universitaire de France.
Introduces a comprehensive model of firm oligopolistic behaviour, with price-quantity competition, nesting a multiplicity of competition regimes, with conduct parameters varying continuously between tacit collusion and cutthroat competition
Provides an approach by which to empirically measure market power, using a tractable framework that is parsimonious in the parameter space
Extends the potential applications (in IO, Trade and Macro) and reinforces the general equilibrium dimension of Dixit-Stiglitz (1977) seminal model by assuming non-negligible firms (and hence non-negligible intersectoral effects) and by further exploiting separability with one or more groups of firms
