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Theory of Markets

Theory of Markets - Harvard Economic Studies

Hardback (01 Jul 1974)

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Publisher's Synopsis

Concerned primarily with oligopoly, this work includes a general study of pricing in three different markets-perfect competition, perfect monopoly, and imperfect competition. The solutions of these markets offered by Cournot, Smithies, Chamberlin, Stackelberg, Fellner, and Robinson are presented mathematically, followed by the author's own version of the theory of rational pricing in oligopoly.

Previous authors have not allowed for all the variables arising from profit and price situations in the market. Here, more realistic assumptions and more complex analyses indicate that sellers in oligopoly situations do not always need to arrange specific agreements-hence, that "administered" pricing does not inevitably occur when the market is dominated by a few producers.

About the Publisher

Harvard University Press

Founded in 1913, Harvard University Press is the publisher of such classic works as John Rawls's A Theory of Justice, E. O. Wilson's On Human Nature, and Helen Vendler's Dickinson. The Press continues to be a leading publisher of convergent works in the sciences, humanities, and social sciences, while also taking bold steps in exciting new directions, from innovative partnerships, to a diverse translation program, to an expanded commitment to facilitating scholarly conversation around the globe.

Book information

ISBN: 9780674880801
Publisher: Harvard University Press
Imprint: Harvard University Press
Pub date:
Language: English
Number of pages: 120
Weight: 272g
Height: 217mm
Width: 148mm
Spine width: 13mm
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