
Imperfect competition is the paradigm that develops as soon as economic agents interact in a conscious manner, which is the rule when competition takes place amongst a restricted number of agents. This book explores the theoretical richness of these economic contexts, using some basic tools of game theory. Designed as an ancillary text for graduate students, it summarizes the historic contributions made by economic theorists and makes accessible many of the most recent developments in the same field.
This book investigates the theoretical framework of imperfect competition by analyzing how economic agents interact when market participants are restricted in number. Jean J. Gabszewicz, a noted economist, synthesizes historical contributions to the field with contemporary developments in game theory. The text provides a structured approach to understanding strategic behavior in markets where agents are conscious of their influence on others. It serves as a bridge between foundational economic theory and modern analytical methods.
What You Will Find
Experts identify this work as a valuable ancillary text for graduate-level economics students seeking a concise overview of strategic interaction. Readers frequently note the academic density of the prose, which requires a foundational understanding of microeconomic principles to fully grasp the presented models.
Page Count:
104
Publication Date:
2000-03-09
Publisher:
Oxford University Press
ISBN-10:
0198233418
ISBN-13:
9780198233411
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