[PDF] Contestable Markets And The Theory Of Industry Structure eBook

Author : International Economic Association
Publisher : MIT Press
Page : 588 pages
File Size : 47,12 MB
Release : 1986
Category : Business & Economics
ISBN : 9780262690935

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These contributions discuss a number of important developments over the past decade in a newly established and important field of economics that have led to notable changes in views on governmental competition policies. They focus on the nature and role of competition and other determinants of market structures, such as numbers of firms and barriers to entry; other factors which determine the effective degree of competition in the market; the influence of major firms (especially when these pursue objectives other than profit maximization); and decentralization and coordination under control relationships other than markets and hierarchies.ContributorsJoseph E. Stiglitz, G. C. Archibald, B. C. Eaton, R. G. Lipsey, David Enaoua, Paul Geroski, Alexis Jacquemin, Richard J. Gilbert, Reinhard Selten, Oliver E. Williamson, Jerry R. Green, G. Frank Mathewson, R. A. Winter, C. d'Aspremont, J. Jaskold Gabszewicz, Steven Salop, Branko Horvat, Z. Roman, W. J. Baumol, J. C. Panzar, R. D. Willig, Richard Schmalensee, Richard Nelson, Michael Scence, and Partha Dasgupta

Author : M. J. Rosser
Publisher :
Page : 288 pages
File Size : 16,9 MB
Release : 1988
Category : Microeconomics
ISBN : 9780333462973

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Intended for first and second year undergraduate economics and business studies students, this book covers standard microeconomics topics and an introduction to the theory of contestable markets, linear production theory and alternative theories of the firm, including the Marxian paradigm.

Author : James Friedman
Publisher : CUP Archive
Page : 262 pages
File Size : 10,62 MB
Release : 1983-09-30
Category : Business & Economics
ISBN : 9780521282444

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James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics. The book begins with static oligopoly theory. Cournot's model and its more recent elaborations are covered in the first substantive chapter. Then the Chamberlinian analysis of product differentiation, spatial competition, and characteristics space is set out. The subsequent chapters on modern work deal with reaction functions, advertising, oligopoly with capital, entry, and oligopoly using noncooperative game theory. A large bibliography is provided.

Author : Mr.Federico J Diez
Publisher : International Monetary Fund
Page : 42 pages
File Size : 32,32 MB
Release : 2019-04-26
Category : Business & Economics
ISBN : 1498311636

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Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000- 2015. Second, the markup increase is driven by already high-markup firms (top decile of the markup distribution) that charge increasing markups. Third, markups increased mostly among advanced economies but not in emerging markets. Fourth, there is a non-monotonic relation between firm size and markups that is first decreasing and then increasing. Finally, the increase is mostly driven by increases within incumbents and also by market share reallocation towards high-markup entrants.