Product Description: An important aspect of social studies is understanding how the events of the past affect the present day. This book looks at modern-day Colorado and the many people and cultures who call the Centennial State home. Accessible text, full color photographs, and relevant primary sources will help students use critical thinking to understand how Colorados past creates its present and future...read more

Industrial production and consumption patterns rely heavily on the intensive use of both renewable and non-renewable resources and the consequences for the environment can be serious. Following a long period of time where the profit incentives of firms have prevailed over preservation of the environment and the world’s natural resources, a new consensus has emerged concerning the need to regulate firm behaviour, aimed at ensuring the sustainability of the economic system in the long run. This book offers an exhaustive overview of current economic debate about these topics, taking modern oligopoly theory as a benchmark. The first part of the book covers static models dealing with incentives for green research and development, Pigovian taxation, cartels, environmental quality and international trade, as well as the role of corporate social responsibility, public firms and consumer environmental awareness as endogenous regulatory instruments. Then, the author moves on to examine the role of time while drawing from optimal control and differential game theory. This opens the way to the discussion of fair discount rates to ensure the welfare of future generations, as well as the long run sustainability of production and consumption patterns.

The economic literature regarding firm behaviour, market structure and their interactions within the economic system has greatly developed during recent years. Furthermore, there is no doubt that the radical changes which have occurred in the international economic picture, regarding the system of relative prices, technologies, organization, the availability of new materials and new production factors, the eruption of new production entities, the progressive 'globalization' of markets have all brought about 'genetic' changes in the way firms behave, in the structure and forms of markets and, consequently, in the economic systems themselves at a national level.In such a complex picture, it is difficult to weave together all the strands. It would certainly be over-ambitious to pretend to blend such a complex mixture of theoretical contributions and empirical experiences which ultimately touch one of the most 'sensitive' points of economic analysis: the need to unify micro- and macro-economics. This unification, although difficult to construct from a theoretical point of view, is in effect imposed by the reality of markets and economic systems in which 'the economists' themselves are in fact immersed.The book has three main objectives: to provide an up-dated analysis of the most important theoretical developments in the field of oligopoly and the economics of the firm; to present significant empirical verifications; and to assess the micro-macro debate and the relations which link the market structure to the function of the economic system.

The economic literature regarding firm behaviour, market structure and their interactions within the economic system has greatly developed during recent years. Furthermore, there is no doubt that the radical changes which have occurred in the international economic picture, regarding the system of relative prices, technologies, organization, the availability of new materials and new production factors, the eruption of new production entities, the progressive 'globalization' of markets have all brought about 'genetic' changes in the way firms behave, in the structure and forms of markets and, consequently, in the economic systems themselves at a national level.In such a complex picture, it is difficult to weave together all the strands. It would certainly be over-ambitious to pretend to blend such a complex mixture of theoretical contributions and empirical experiences which ultimately touch one of the most 'sensitive' points of economic analysis: the need to unify micro- and macro-economics. This unification, although difficult to construct from a theoretical point of view, is in effect imposed by the reality of markets and economic systems in which 'the economists' themselves are in fact immersed.The book has three main objectives: to provide an up-dated analysis of the most important theoretical developments in the field of oligopoly and the economics of the firm; to present significant empirical verifications; and to assess the micro-macro debate and the relations which link the market structure to the function of the economic system.

This book provides both an explanation of the inflation which has bedeviled economic policy in the West since the end of World War II and a micro-economic theory to purge Keynesian models of the Walrasian strain derived from Marshall's Principles. By focusing on what is taken to be the representative business firm of the twentieth century - the large corporation or megacorp - the microeconomic model presented in the book reverses the usual assumptions of economic analysis. Instead of assuming the existence of firms with no control over prices, the book examines how the megacorp uses its pricing power to finance its own internal rate of growth. The result is a determinant model of how prices are set under the sort of oligopolistic conditions which prevail in most modern industries throughout the world.

Product Description: An oligopoly (from the Greek, few sellers) is a market that is dominated by a few large and powerful players. As Steve Hannaford documents with numerous examples, virtually every industry today―from medical equipment to airlines, toy retailing to oil―is trending in this direction, in the greatest movement toward industry consolidation since the turn of the 20th century...read more

Product Description: Celebrating the 150th anniversary of Cournot's work, which Mark Blaug has characterized as "..a book that for sheer originality and boldness of conception has no equal in the history of economics thought," this volume focuses on the properties and uses of Cournot's model of competition among the few...read more

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Product Description: In 1994 the Nobel Prize was awarded to Reinhard Selton, John Nash and John Harsanyi for pioneering analysis in game theory. Selton refined the Nash equilibrium concept of non-co-operative games for analyzing dynamic strategic interaction and applied these concepts to analyses of oligopoly...read more (view table of contents, read Amazon.com's description)

Product Description: The theory of price and quality decision making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a theory of that decision making, based upon the notion of the industry as a community of agents who are involved in both competitive and co-operative relationships...read more (view table of contents, read Amazon.com's description)

Product Description: This text presents an integrated account of industrial economics, oligopoly and game theory. It focuses on the key issues including entry deterrence, product differentiation, pricing policy, strategic behaviour, research and development which are examined in the light of the most recent developments in game theory...read more

Product Description: First published in 1962, this study explores the theoretical problems of price formation and price variations under oligopoly, and the long-run consequences of the spread of oligopolies on employment, investment and the national income...read more

Product Description: In this text some fundamental issues concerning the strategic impact of vertical structures of firms are discussed in a successive oligopoly model. Vertical integration strategy has been identified as one of the key strategies which determine the success or failure of enterprises...read more

Product Description: These essays on Post-Keynesian economics were written expressly for a volume to honour the life and work of Alfred Eichner. The original countributions - that critically examine and extend ideas in Eichner's "The Macrodynamics of Advanced Market Economies" are organized in seven sections that correspond to areas of economics in which Eichner made a significant contribution...read more

Product Description: The last decade has seen an important extension of the theory of international trade to include imperfectly competitive market structures. This book collects 19 of the most influential articles on trade with imperfect competition, providing ready access to current research by top-level economists...read more

Product Description: James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics...read more

Product Description: Spotting, tanning marks to cover. Owner name written on first page. Slight shelf wear. Foxing to page edges. Pages are clean and binding is tight.

Product Description: The 1940's produced a rash of books and articles on the decline of competition and oligopolistic tendencies in the wake of the federally financed hearings and final monographic publications of the Temporary National Economic Committee...read more