Skip to main content
SpringerLink
Log in
Book cover

Oligopoly

Old Ends - New Means

  • Book
  • © 2011

Overview

Authors:
  1. Tönu Puu

    1. , CERUM, Umea University, Umea, Sweden

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • There exists no other book reconsidering oligopoly theory in its heyday in view of the new dynamics including exotic phenomena such as chaos

  • There is ample computer graphics to illustrate all important issues

  • The book has a through-going relation to classical oligopoly theory as it developed in history

  • Includes supplementary material: sn.pub/extras

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (7 chapters)

  1. Front Matter

    Pages i-ix
    Download chapter PDF

  2. Introduction

    • Tönu Puu
    Pages 1-16

  3. Cournot Oligopoly

    • Tönu Puu
    Pages 17-41

  4. Duopoly and Complex Dynamics

    • Tönu Puu
    Pages 43-67

  5. Stackelberg Leadership

    • Tönu Puu
    Pages 69-100

  6. Capacity Limits

    • Tönu Puu
    Pages 101-125

  7. Multistability

    • Tönu Puu
    Pages 127-150

  8. The Hotelling Paradox

    • Tönu Puu
    Pages 151-170

  9. Back Matter

    Pages 171-172
    Download chapter PDF
Back to top

Keywords

About this book

The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition is due to mistakenly assuming constant returns, and that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory, such as coexistence and multiplicity of attractors are focused again after many undeserved decades of oblivion.

Authors and Affiliations

  • , CERUM, Umea University, Umea, Sweden

    Tönu Puu

Bibliographic Information

  • Book Title: Oligopoly

  • Book Subtitle: Old Ends - New Means

  • Authors: Tönu Puu

  • DOI: https://doi.org/10.1007/978-3-642-15964-0

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag GmbH Berlin Heidelberg 2011

  • Hardcover ISBN: 978-3-642-15963-3Published: 02 December 2010

  • Softcover ISBN: 978-3-642-42355-0Published: 14 October 2014

  • eBook ISBN: 978-3-642-15964-0Published: 22 November 2010

  • Edition Number: 1

  • Number of Pages: IX, 172

  • Topics: Industrial Organization, Applications of Mathematics

Publish with us

Policies and ethics

Back to top

Search

Navigation