Abstract
Shubik begins his article “Oligopoly Theory, Communication, and Information” as follows: “The stage is set for the development of a mathematical institutional economics which is simultaneously more abstract and more institutional than much of economic theory to date. The need for this development can be seen clearly by examining both the successes and failures of oligopoly theory. The reasons why we do not have a satisfactory theory of oligopoly are central to many economic problems. They exist for microeconomic models of competitive markets, and they are hidden in the assumptions made in macroeconomic models. However it is possible to gloss over the basic difficulties in these because, although they are still here, they do not appear to play as central a role as they do in oligopoly theory.” [SHUBIK 1974].
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© 1977 Springer-Verlag Berlin · Heidelberg
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Roedding, W. (1977). A New Approach to Modelling Some Economic Problems. In: Henn, R., Moeschlin, O. (eds) Mathematical Economics and Game Theory. Lecture Notes in Economics and Mathematical Systems, vol 141. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45494-3_31
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DOI: https://doi.org/10.1007/978-3-642-45494-3_31
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