000 02506nam a22004335i 4500
001 978-3-642-15964-0
003 DE-He213
005 20140220083748.0
007 cr nn 008mamaa
008 101120s2011 gw | s |||| 0|eng d
020 _a9783642159640
_9978-3-642-15964-0
024 7 _a10.1007/978-3-642-15964-0
_2doi
050 4 _aHD28-70
050 4 _aHD2321-4730.9
072 7 _aKCD
_2bicssc
082 0 4 _a338.6
_223
100 1 _aPuu, Tönu.
_eauthor.
245 1 0 _aOligopoly
_h[electronic resource] :
_bOld Ends - New Means /
_cby Tönu Puu.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg,
_c2011.
300 _aIX, 172p. 41 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aIntroduction -- Cournot Oligopoly -- Duopoly and Complex Dynamics -- Stackelberg Leadership -- Capacity Limits -- Multistability -- The Hotelling Paradox.
520 _aThe 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.
650 0 _aEconomics.
650 0 _aMathematics.
650 0 _aIndustrial organization (Economic theory).
650 1 4 _aEconomics/Management Science.
650 2 4 _aIndustrial Organization.
650 2 4 _aApplications of Mathematics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783642159633
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-642-15964-0
912 _aZDB-2-SBE
999 _c107102
_d107102