Title
Timing of decisions in oligopoly games: Price versus quantity and sequential versus simultaneous decisions,Used
Sold by Ergodebooks, an authorized reseller.
Returns accepted within 30 days | support@ergodebooks.com
Shipping Information
- Free Standard Shipping — United States only
- Processing Time: 1–3 business days
- Estimated Delivery: 3–5 business days after dispatch
- Double-boxed, fully insured & discreetly packaged
- Tracking number sent via email once dispatched
- Orders over $250 require signature upon delivery. Taxes calculated at checkout.
Returns & Refund
Returns accepted within 30 days of delivery.
Damaged or Defective Item
Free return shipping + replacement or full refund
Wrong Item Received
Free return shipping + replacement or full refund
Change of Mind
Return shipping at customer's expense · 25% restocking fee applies
Payment Option
The two main structural variations in oligopoly theory and its applications are the determination of the right order of moves and the selection of the appropriate decision variable. Concerning the choice of the right decision variable, it is shown that for markets with one large firm and many small firms the difference between the equilibrium outcomes of pricesetting and quantitysetting games will be minimal. Moreover, if firms are free to select their decision variables, then either the Cournot game or Forchheimer's model will emerge. Concerning the timing problem, the endogenous order of moves for capacityconstrained BertrandEdgeworth triopolies and for BertrandEdgeworth duopolies with sufficiently asymmetric cost functions will be determined. Timing of decisions within the pricesetting framework results in many cases in known forms of price leadership, and thus, several gametheoretic foundations of Forchheimer's model of dominantfirm price leadership will be given.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.