descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Other literature type 01 Jan 1987 English Publisher:Palgrave Macmillan UK

Authors: Hugo Sonnenschein;

doi: 10.1057/978-1-349-95121-5_1890-1 , 10.1057/9780230226203.3200 , 10.1007/978-1-349-20181-5_21 , 10.1057/978-1-349-95189-5_1890

Oligopoly and Game Theory

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Abstract

Oligopoly theory is concerned with market structures in which the actions of individual firms affect and are affected by the actions of other firms. Unlike the polar cases of perfect competition and monopoly, strategic issues are fundamental to the study of such markets. In this entry we will explain some of the central themes of oligopoly theory, both modern and classical, and emphasize the connection between these themes and developments in the noncooperative theory of games.

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