Price and Nonprice Rivalry in Oligopoly
The Integrated Battleground
Published on 20. January 2016
XX, 429 pages
978-0-230-50371-7 (ISBN)
Description
The theory of price and quality decision-making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a novel theory of that decision-making, based upon the notion of the industry as a community of agents who are involved in both competitive and cooperative relationships. It develops theories and illustrates methodological approaches to the analysis of price and quality decision-making in such instances of a 'rivalrous consonance of interests' among firms.
Reviews / Votes
'Any attempt to broaden our understanding of the working of markets is more than welcome. And analyses that deviate from the well-known path of economic thinking that we all know and love are all the more welcome, expecially if such an attempt is made by a scholar as distinguished as Robert Kuenne.' - J. Hinloopen, Journal of Economics/Zeitschrift für Nationalökonomie
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07/1998
Palgrave Macmillan
€102.31
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Person
ROBERT E. KUENNE is Professor of Economics, Emeritus, Princeton University, and Director of the General Economic Systems Company in Princeton, New Jersey. He is the author or editor of 15 books, specialising in economic theory and industrial organisation, notably in general equilibrium and of oligopoly theory. He has pioneered the theory of rivalrous consonance in oligopoly theory which provides and operational framework for analysing tacit collusion among rivals in oligopolistic industries.
Content
List of Figures List of Tables Preface PART I: SOME NECESSARY PRELIMINARIES On Definitions and the Problems of Measurement Core Characteristics Analysis Rivalrous Consonance: An Approach to Mature Oligopolistic Competition PART II: DECISION-MAKING IN OLIGOPOLY: APPROACHES IN THE LITERATURE Hotelling Models and Other Spatial Analogues Characteristics as Objects of Consumer Preference Game Theoretic and Monopolistic Competition Analyses Pure Competition and Monopoly: A Beginning PART III: THEORETICAL GUIDANCE TO AND USAGE OF MODELING METHODOLOGIES The Isolated Firm and Consumer Benchmarking of Measurable Characteristics Oligopolistic Competition and Consumer Benchmarking in a Rivalrous Consonance Market Structure: Measurable Characteristics Oligopolistic Competition with Scaling of Characteristics Nodal Changes in Brand Locations in Product Space Selling Costs and Cognitive Distancing PART IV: EPILOGUE AND PROSPECTUS A Final Word Notes Index
