The Economics of Competition, Collusion and In-between - Rilegato

Daspremont, Claude; Ferreira, Rodolphe Dos Santos

Rilegato

ISBN 10: 3030636011 ISBN 13: 9783030636012

Casa editrice: Palgrave Macmillan, 2021

Riassunto

<p>This book provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. This measure reflects the weight put by each firm on competition for market share relative to competition for market size – two dimensions of competition involving conflicting and convergent interests, respectively. It further explores several applications, such as the effect of tougher competition on innovation and of output market power on the emergence of involuntary unemployment, as well as the importance of strategic interactions for investment decisions.</p><p>Relative to the dominant model of monopolistic competition, <i>The Economics of Competition, Collusion and In-between</i> aims to explore an alternative tractable model of firm competition opening the application of oligopoly theory to many fields in economics where general equilibrium features are crucial.&nbsp; It will be relevant to those interested in applied industrial organization, trade, macroeconomics (in particular macrodynamics) and quantitative economics.&nbsp;</p>

Su questo libro

Informazioni sull?autore

<div><p><b>Claude d’Aspremont</b>&nbsp;is Emeritus Professor in Economics, member and Past-President of the Center for Operations Research and Econometrics (CORE) at the Université Catholique de Louvain (UCL), Belgium. He was awarded the Francqui Prize 1995. </p><p><b>Rodolphe Dos Santos Ferreira</b>&nbsp;is Emeritus Professor in Economics at the University of Strasbourg, France, working at the Bureau d’Economie Théorique et Appliquée (BETA), of which he was co-director (1979-1992). He is also a part-time member of Católica Lisbon School of Business and Economics, Portugal. He is a honorary senior member of the Institut Universitaire de France.<br></p></div>

Dalla quarta di copertina

<div><p>“Empirical evidence shows that many markets are characterized by a few large firms that behave strategically, while cohabiting with a competitive fringe of small firms. Thus, there is a need to consider general equilibrium settings that account explicitly for strategic interactions among big firms. In this short but deep book, d’Aspremont and Dos Santos Ferreira provide several solutions that can reconcile “old” and “new” approaches to market competition&nbsp;through a series of nested frameworks. What makes this book unique is that the authors recognize explicitly the key role played by the labor market for the product market outcome. Their work is, therefore, a fundamental contribution that will allow us to understand better how markets work. Readers will also find a wide range of tools that can be used in different applications.”&nbsp;</p><p><b>- Jacques-François Thisse</b>, CORE, Université Catholique de Louvain.</p><p>&nbsp;</p><p>“Oligopoly in general equilibrium&nbsp;has proved an elusive goal in theory for decades, with Claude d'Aspremont and Rodolphe&nbsp;Dos Santos Ferreira among the small group of scholars that have taken it seriously. In recent&nbsp;years, the big data revolution has revealed just how important very large firms are, especially in international trade, and has encouraged more work breaking away from the perfectly and monopolistically competitive paradigms. This book could not be more timely therefore, and should be required reading for anyone working in this important field.”&nbsp;</p><p><b>- Peter Neary</b>, Georgetown University Qatar and Merton College, University of Oxford.</p></div>This book provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. This measure reflects the weight put by each firm on competition for market share relative to competition for market size – two dimensions of competition involving conflicting and convergent interests, respectively. It further explores several applications, such as the effect of tougher competition on innovation and of output market power on the emergence of involuntary unemployment, as well as the importance of strategic interactions for investment decisions.<p>The Economics of Competition, Collusion and In-between provides a methodology for the analysis of oligopolistic markets from an equilibrium viewpoint, considering competition within and between groups of firms. It proposes a well-founded measure of competitive toughness that can be used in empirically relevant applications. It aims to offer an alternative tractable model of firm competition opening the application of oligopoly theory to many fields in economics where general equilibrium features are crucial. It will be relevant to those interested in applied industrial organization, trade, macroeconomics and quantitative economics.<br></p>

Dettagli dell'edizione

• Editore: Palgrave Macmillan
• Data di pubblicazione: 2021
• Lingua: Inglese
• ISBN 10: 3030636011
• ISBN 13: 9783030636012
• Rilegatura: Copertina rigida
• Numero edizione: 1
• Numero di pagine: 180
• Contatto del produttore: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3,69115 Heidelberg, Germany; Heidelberg; 69115; Germania