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Firm Behavior in Oligopolistic Markets

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Principles of Microeconomics

Part of the book series: Springer Texts in Business and Economics ((STBE))

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Abstract

This chapter covers …

  • how to apply techniques from game theory toward understanding firm behavior and equilibria in oligopolistic markets.

  • the difference between and the significance of price and quantity competition on oligopolistic markets.

  • how models of oligopolistic behavior can help one to better understand markets for oil, gas, etc.

  • the logic of collusive behavior and the role of regulation in oligopolistic markets.

  • how firms have to be organized that compete in such markets.

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References

  • Dubner, S. J., & Levitt, S. (2005). Freakonomics. William Morrow.

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  • Huck, S., Normann, H., & Oechssler, J. (2004). Two Are Few and Four Are Many: Number Effects in Experimental Oligopolies. Journal of Economic Behavior and Organization, 53(4), 435–446.

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  • Ovid (2002). Ars Amatoria (The Art of Love). Modern Library.

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  • von Stackelberg, H. (1934). Marktform und Gleichgewicht. Wien: Springer.

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Further Reading

  • Belleflamme, P., & Peitz, M. (2015). Industrial Organization: Markets and Strategies. Cambridge University Press.

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  • Tirole, J. (1988). The Theory of Industrial Organization. MIT Press.

    Google Scholar 

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Author information

Authors and Affiliations

  1. Institute for Business Ethics, University of St. Gallen, St. Gallen, Switzerland

    Martin Kolmar

Authors
  1. Martin Kolmar
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Correspondence to Martin Kolmar .

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Kolmar, M. (2017). Firm Behavior in Oligopolistic Markets. In: Principles of Microeconomics. Springer Texts in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-57589-6_12

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