An introduction to imperfect competition via bilateral oligopoly
Dickson, Alexander and Tonin, Simone (2018) An introduction to imperfect competition via bilateral oligopoly. Preprint / Working Paper. arXiv.org, Ithaca, N.Y..
Preview |
Text.
Filename: Dickson_Tonin_ArXiv_2018_An_introduction_to_imperfect_competition_via_bilateral.pdf
Accepted Author Manuscript Download (245kB)| Preview |
Abstract
The aim of this paper is threefold. First, we provide a unified framework, by means of non-trivial examples, to compare the results obtained in simultaneous-move and sequential-move versions of bilateral oligopoly with the Cournot model and the Cournot-Walras approach. We also survey the main contributions on imperfect competition and strategic market games that are linked with our analysis. Secondly, we show how the bilateral oligopoly model can be used to study different kinds of oligopoly: symmetric oligopoly, where all agents act strategically; asymmetric oligopoly where only some agents act strategically; simultaneous oligopoly, where sellers and buyers make their choices without knowledge of others' decisions; and sequential oligopoly, where some agents move first. Thirdly, we focus on how the bilateral oligopoly model can clarify how either strategic or competitive behaviours may emerge endogenously depending on the fundamentals of the economy.
ORCID iDs
Dickson, Alexander ORCID: https://orcid.org/0000-0001-9386-9036 and Tonin, Simone;-
-
Item type: Monograph(Preprint / Working Paper) ID code: 65116 Dates: DateEvent24 March 2018PublishedSubjects: Social Sciences > Economic Theory Department: Strathclyde Business School > Economics Depositing user: Pure Administrator Date deposited: 10 Aug 2018 10:43 Last modified: 03 Sep 2024 01:15 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/65116