Stochastic Games, Oligopoly Theory, and Competitive Resource Allocation

  • Martin Shubik
  • Matthew J. Sobel
Part of the Mathematical Concepts and Methods in Science and Engineering book series (MCSENG)


An oligopolistic market is one with only a few firms that supply the commodity being purchased. Oligopoly theory, until recently, evolved without regard to the institutional details encountered in specific markets and without addressing the role played by time. Oligopoly models were treated statically, or at best, conversationally dynamically. However, dynamic oligopoly models have been analyzed with increasing frequency in recent years and some of these analyses are responsive to institutional details.


Equilibrium Point Markov Decision Process Differential Game Stochastic Game Static Game 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Plenum Press, New York 1980

Authors and Affiliations

  • Martin Shubik
    • 1
  • Matthew J. Sobel
    • 2
  1. 1.Cowles FoundationYale UniversityNew HavenUSA
  2. 2.College of Industrial ManagementGeorgia Institute of TechnologyAtlantaUSA

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