[PDF] A General Theory Of Endogenous Market Structures eBook

Author : Paolo Bertoletti
Publisher :
Page : 35 pages
File Size : 30,77 MB
Release : 2015
Category :
ISBN :

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We provide a unified approach to imperfect (monopolistic, Bertrand and Cournot) competition equilibria with demand functions derived from symmetric preferences over a large but finite number of goods. The equilibrium markups depend on the Morishima Elasticity of Substitution/Complementarity between goods, and can be derived directly from the utility functions and ranked unambiguously. We characterize the endogenous market structures, their dependence on market size, income and firms' productivity and compare them with the optimal allocations. Finally, we apply our results to the case of preferences such as Generalized Leontief, Generalized linear and Generalized quadratic that we introduce in the literature on imperfect competition.

Author : Federico Etro
Publisher :
Page : 0 pages
File Size : 14,3 MB
Release : 2014
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ISBN :

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Most market structures are neither perfectly or monopolistically competitive: they are characterized by a few large firms that are engaged in strategic interactions in their production and investment decisions and whose number is endogenous. The theory of endogenous market structures analyzes markets in partial and general equilibrium where strategies affect entry and entry affects strategies, and exogenous primitive conditions on technology and preferences affect the equilibrium. We discuss applications to industrial organization, international trade, business cycle theory, international finance, growth and implications for welfare and for competition, trade, fiscal and monetary policy.

Author : Marco Mazzoli
Publisher : Cambridge University Press
Page : 251 pages
File Size : 12,92 MB
Release : 2019-12-19
Category : Business & Economics
ISBN : 1108482600

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"The last decade has seen a lively debate in macroeconomics, with an increasing criticism on the model that seemed to be dominant in literature since the end of the 1990's, the Dynamic Stochastic General Equilibrium (DSGE, hereafter) and, consequently, the birth of some new theoretical approaches and methodologies"--

Author : Daniel F. Spulber
Publisher : Cambridge University Press
Page : 542 pages
File Size : 22,40 MB
Release : 2009-04-13
Category : Business & Economics
ISBN : 0521517389

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The Theory of the Firm presents an innovative general analysis of the economics of the firm.

Author : Shelby D. Hunt
Publisher : SAGE Publications
Page : 321 pages
File Size : 14,26 MB
Release : 1999-11-30
Category : Business & Economics
ISBN : 1452221642

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Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book. —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.

Author : Kurt Dopfer
Publisher : Psychology Press
Page : 134 pages
File Size : 48,71 MB
Release : 2008
Category : Business & Economics
ISBN : 0415279429

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"The burgeoning field of evolutionary economics has developed as a result of the traditional failure of the discipline to explain certain phenomena that impact greatly on teconomy: evolution, institutions, knowledge and technology." "This book proposes a new analytic framework for the study of the nature and causes of long run economic growth and development in market systems. It starts out by analyzing the foundations of the neoclassical tradition, before developing a thesis through micro, meso and macro domains drawing conclusions as to what can be learned from the point of view of policy analysis. Dopfer and Potts focus on an open-systems analytical framework and successfully formulate and refine the analytical foundations of a new general theory of economic evolution." "The book is unique in that its general theory of economic evolution is intended as an integrated generic framework to define the rules of an economic system, how they are coordinated, and the causes and consequences of their change. It is essential reading for scholars and students of economic evolution and is also broadly intended for anyone who might seek to better understand the complex evolutionary nature of the structure and dynamics of the knowledge-based economy in todays society."--Book Jacket.