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243159810
Strategic Competition in Oligopolies with Fluctuating Demand (Lecture Notes in Economics and Mathematical Systems, 569)
Item #:
243159810
ZAR 1480
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This book provides valuable insights into the design of competition policy and the implications of dynamic oligopolistic competition.
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- Dynamic oligopolistic competition has implications both for the strategic management of firms and for the design of an effective competition policy. Consequently, the present book considers the issue from a private and social perspective. It discusses the potential pro- and anticollusive effects of long-term business strategies, especially for cooperation and reinvestment in production, financing and management compensation, in markets with fluctuating demand. The method of supergame theory is applied to integrate long-run decisions and different types of demand into the analysis. Aside from its contributions to the theoretical literature, the book provides valuable insights into the design of competition policy. The observed development of prices is an indicator of the extent of collusion in the market and can thereby be used to assess antitrust regulation in certain business areas, and to focus the resources of competition authorities on markets where conditions are conducive to collusion.
| Publisher | Springer |
| Publication date | December 5, 2005 |
| Edition | 2006th |
| Language | English |
| Print length | 244 pages |
| ISBN-10 | 3540295569 |
| ISBN-13 | 978-3540295563 |
| Item Weight | 13.4 ounces (379.89 grams) |
| Dimensions | 6.1 x 0.56 x 9.17 inches (15.5 x 1.4 x 23.3 cm) |
| Part of series | Lecture Notes in Economics and Mathematical Systems |
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Strategic Competition in Oligopolies with Fluctuating Demand (Lecture Notes in Economics and Mathematical Systems, 569)
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Features & Benefits
- Explores strategic management in oligopolies with fluctuating demand.
- Analyzes long-term business strategies and their anti-collusive effects.
- Uses supergame theory to integrate long-run decisions into analysis.
- Offers insights applicable to competition policy design.
- Assesses collusion through the observed development of prices.
- Focuses competition authorities on markets prone to collusion.
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