The Theory of Competitive Price
Author | : George Joseph Stigler |
Publisher | : |
Total Pages | : 216 |
Release | : 1946 |
Genre | : Competition |
ISBN | : |
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Author | : George Joseph Stigler |
Publisher | : |
Total Pages | : 216 |
Release | : 1946 |
Genre | : Competition |
ISBN | : |
Author | : George Joseph Stigler |
Publisher | : New York : Macmillan |
Total Pages | : 376 |
Release | : 1966 |
Genre | : Economics |
ISBN | : |
Author | : Edward Chamberlin |
Publisher | : |
Total Pages | : 256 |
Release | : 1938 |
Genre | : Competition |
ISBN | : |
Author | : Deirdre N. McCloskey |
Publisher | : |
Total Pages | : 662 |
Release | : 1985 |
Genre | : Business & Economics |
ISBN | : |
Author | : Donald Stevenson Watson |
Publisher | : |
Total Pages | : 472 |
Release | : 1977 |
Genre | : Business & Economics |
ISBN | : |
Author | : Thin Tun |
Publisher | : Harvard University Press |
Total Pages | : 136 |
Release | : 1960 |
Genre | : Business & Economics |
ISBN | : 9780674880801 |
Concerned primarily with oligopoly, this work includes a general study of pricing in three different markets--perfect competition, perfect monopoly, and imperfect competition. The solutions of these markets offered by Cournot, Smithies, Chamberlin, Stackelberg, Fellner, and Robinson are presented mathematically, followed by the author's own version of the theory of rational pricing in oligopoly. Previous authors have not allowed for all the variables arising from profit and price situations in the market. Here, more realistic assumptions and more complex analyses indicate that sellers in oligopoly situations do not always need to arrange specific agreements--hence, that "administered" pricing does not inevitably occur when the market is dominated by a few producers.
Author | : Edward Chamberlin |
Publisher | : |
Total Pages | : 426 |
Release | : 1962 |
Genre | : Business & Economics |
ISBN | : |
Chamberlain's classic work, now in its eighth edition, continues to influence the fundamental thinking of economists and businessmen, and for the best of reasons: It is a basic treatise in theory which, unlike traditional theories of "perfect competition," deals with the economic world we live in, including both price and nonprice competition, oligopoly, various degrees of monopoly, "differentiated" products, advertising, etc. Its influence has spread extensively as well as intensively--to new theoretical problems, such as economic dynamics and development, and to the analysis of an increasingly wide range of the so-called "applied" fields. In this eighth edition of The Theory of Monopolistic Competition Professor Chamberlain has added three new appendices: The Definition of Selling Costs; Numbers and Elasticities; and The Origin and Early Development of Monopolistic Competition Theory. The index has been extensively revised and expanded. In successive earlier editions the author compiled a bibliography of 1497 items. He also added a new treatment of the cost curve of the firm, discussing in particular some current misconceptions as to the role of the laws of proportions and of the divisibility of factors in relation to economics and diseconomies of scale, and advancing a broader theory which assigns to both proportions and scale their proper roles.
Author | : Almarin Phillips |
Publisher | : University of Pennsylvania Press |
Total Pages | : 264 |
Release | : 2016-11-11 |
Genre | : Business & Economics |
ISBN | : 1512805874 |
The sixteen essays in this collection are organized around five themes. The first group is concerned with the pricing implications of recent developments in the theory of the firm. The subject of the second group is wage-price guidelines, in theory and practice. The third set deals with pricing in regulated industries, with special attention to marginal cost pricing. Marketing models and empirical studies of pricing behavior are considered in the fourth set of essays. And the final group, closely related to this, deals with the rationality properties of business pricing decisions and the implications of pricing practices for antitrust enforcement. If a common view on pricing emerges from these provocative and timely papers; it is that an eclectic approach to pricing theories, policies, and practices appears at this stage to be appropriate, since neither neoclassical theory nor recent amendments, extensions, or alternatives to it appear individually rich enough to embrace the full range of variety that pricing behavior affords.
Author | : Massimo Motta |
Publisher | : Cambridge University Press |
Total Pages | : 650 |
Release | : 2004-01-12 |
Genre | : Business & Economics |
ISBN | : 9780521016919 |
This is the first book to provide a systematic treatment of the economics of antitrust (or competition policy) in a global context. It draws on the literature of industrial organisation and on original analyses to deal with such important issues as cartels, joint-ventures, mergers, vertical contracts, predatory pricing, exclusionary practices, and price discrimination, and to formulate policy implications on these issues. The interaction between theory and practice is one of the main features of the book, which contains frequent references to competition policy cases and a few fully developed case studies. The treatment is written to appeal to practitioners and students, to lawyers and economists. It is not only a textbook in economics for first year graduate or advanced undergraduate courses, but also a book for all those who wish to understand competition issues in a clear and rigorous way. Exercises and some solved problems are provided.
Author | : Dennis Eggert |
Publisher | : GRIN Verlag |
Total Pages | : 36 |
Release | : 2007-09 |
Genre | : |
ISBN | : 3638803473 |
Seminar paper from the year 2006 in the subject Economics - Industrial Economics, grade: 1,0, Helsinki School of Economics, course: Industrial Organisation, 18 entries in the bibliography, language: English, abstract: The main issue in the article is the derivation of a model in which prices can differ in equilibrium, even though the goods are homogeneous and there is asymmetric information in the market. The reason for this price dispersion is caused by consumer heterogeneity. Salop and Stiglitz explain, that "because of differences in preference or ability, some agents perform much better than others in market decisions." To model this kind of heterogeneity they assign different costs of gathering certain information to the consumers. For simplicity they part the consumers in two groups: The first one consists of low-cost information gatherer and the other group has higher cost to gain complete information. For further simplicity there are just two levels of information: to be completely informed or to be not informed at all. Furthermore the costs to become an informed consumer are fixed. The differences in information in this model regard the locations of the shops. All consumers know about all prices that are in the market, they just do not know where the shop with a certain (the lowest) price is. The shops on the other hand have complete information about the market. They know about the differences between the consumers and can compute the demand that will occur, when they ask a certain price. So they face a trade-off between higher prices and lower demand. It is important to state why there is a possibility of raising the price and not to loose all demand like it would be in a perfect market. When the rise in price is not too high, it does not pay for the high-cost information gatherer to become completely informed. Their expected loss by buying randomly either in low- or high-priced shops is lower than the fixed cost of gathering the information. All toget