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  1. Home
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  3. Oligopoly Theory
  • Cited by 179
Publisher:
Cambridge University Press
Online publication date:
September 2009
Print publication year:
1983
Online ISBN:
9780511571893
DOI:
https://doi.org/10.1017/CBO9780511571893
Subjects:
Economics, Industrial Economics, Macroeconomics, Economic Theory
Series:
Cambridge Surveys of Economic Literature
Information

Book description

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.

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