Claude d'Aspremont,Rodolphe Dos Santos Ferreira
The Economics of Competition, Collusion and In-between
The Economics of Competition, Collusion and In-between
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This book provides a methodology for analyzing oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a measure of competitive toughness that reflects the weight put by each firm on competition for market share relative to competition for market size. It explores applications such as the effect of tougher competition on innovation and output market power on the emergence of involuntary unemployment, and the importance of strategic interactions for investment decisions.
Format: Paperback / softback
Length: 160 pages
Publication date: 19 May 2022
Publisher: Springer Nature Switzerland AG
This book provides a comprehensive methodology for analyzing oligopolistic markets from an equilibrium perspective, considering competition within and between groups of firms. It proposes a robust measure of competitive toughness that holds significant value in empirical applications. This measure captures the relative importance that firms place on competition for market share versus competition for market size, representing two distinct dimensions of competition with conflicting and convergent interests. Furthermore, it delves into various applications, including the impact of heightened competition on innovation, the emergence of involuntary unemployment due to output market power, and the significance of strategic interactions in investment decisions.
In contrast to the prevailing monopolistic competition model, The Economics of Competition, Collusion, and In-between seeks to establish an alternative tractable framework for firm competition, thereby expanding the application of oligopoly theory to numerous economic domains where general equilibrium characteristics hold significant importance. This book will be of interest to scholars engaged in applied industrial organization, trade, macroeconomics (particularly macrodynamics), and quantitative economics.
Weight: 243g
Dimension: 210 x 148 (mm)
ISBN-13: 9783030636043
Edition number: 1st ed. 2021
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