Titlebook: Competition, Collusion and Game Theory; Lester G. Telser Book 1971 Palgrave Macmillan, a division of Macmillan Publishers Limited 1971 app

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Applications of Core Theory to Market Exchange,ks maximum gain by exchange. The result is a redistribution of the initial stock among that group of traders who can agree on the terms of trade. It is as if such traders form a coalition that allocates or imputes the goods to its members. The freedom to trade with anyone is the same as the freedom

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Competition or Collusion?,answer for a theory assuming that firms strive to maximize their net return, for then one must explain the state of competition in an industry as resulting from the fact that collusion is not always more lucrative than competition. That is, a group of colluding firms may encounter costs of collusion

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The Monopoly and Cournot-Nash Equilibria under Dynamic Conditions,the competitive and monopoly equilibria. Despite the greater difficulties of the analysis, many conclusions applicable to the static model remain valid in a dynamic setting, but certain new problems appear, and we shall need more powerful mathematical tools to solve them.

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Some Determinants of the Returns to Manufacturing Industries,ferences in the measured rates of return among industries are explained by the omission of certain components of their “true” capital. An important empirical task is to determine and, if possible, to measure all of the components of an industry’s capital stock. The data used in this study are from t

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Jahangir Alam,Woohyun Kang,Abderrahim Fathanhe particular version familiar as the intersection of supply and demand schedules, the classical competitive equilibrium. The core is the outcome of a competitive process which does not always result in the classical competitive equilibrium.

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An Alternative Approach to Exploring a Videond aggregate quantity such that these two variables vary inversely. Assume that the firm offers the same product to all customers at a uniform price per unit thereby ruling out price discrimination among the customers of a given firm. However, even these assumptions do not imply a uniform price in t