Noncooperative Approaches to the Theory of Perfect Competition is popular PDF and ePub book, written by Andreu Mas-Colell in 2014-05-10, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Noncooperative Approaches to the Theory of Perfect Competition can be Read Online from any device for your convenience.
Noncooperative Approaches to the Theory of Perfect Competition Book PDF Summary
Economic Theory, Econometrics, and Mathematical Economics: A Series of Monographs and Textbooks: Noncooperative Approaches to the Theory of Perfect Competition focuses on the application of noncooperative approaches to the theory of perfect competition, including Cournot game, no-surplus condition, and Nash equilibria. The selection first elaborates on collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives and noncooperative price taking in large dynamic markets. Discussions focus on noncooperative equilibria which support the monopoly allocation, alternative definition of perfect epsilon-equilibrium, one-period Cournot game, fixed-demand case, and replication case. The book takes a look at noncooperative price taking in large dynamic markets, no-surplus condition as a characterization of perfectly competitive equilibrium, perfect competition, profit criterion, and the organization of economic activity. Topics include profits to individually improving welfare, structure of firms, competitive allocations as no surplus allocations, profits as rents, Walrasian and perfectly competitive equilibrium, and no-surplus and core equivalence as alternative characterizations of perfectly competitive equilibrium. The manuscript ponders on Nash equilibria of market games and efficiency properties of strategic market games, as well as commodities, agents, assignments, strategic markets games, proper and full Cournot-Nash equilibria, and finiteness and inefficiency. The selection is a valuable source of data for researchers interested in noncooperative approaches to the theory of perfect competition.
Detail Book of Noncooperative Approaches to the Theory of Perfect Competition PDF
- Author : Andreu Mas-Colell
- Release : 10 May 2014
- Publisher : Academic Press
- ISBN : 9781483271606
- Genre : Business & Economics
- Total Page : 281 pages
- Language : English
- PDF File Size : 14,6 Mb
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