Skip to main content

Comparative Statics in Oligopolistic Markets

  • Chapter
  • 65 Accesses

Part of the book series: Lecture Notes in Economics and Mathematical Systems ((LNE,volume 442))

Abstract

The problem of comparative statics. Aggregative games with strategic substitution: The effect of entry of a new player on the strategies played in a N.E. (Proposition 2.1) and on the payoffs obtained in a N.E. (Propositions 2.2 and 2.3). Idiosyncratic vs. Generalized shocks. Effects of an idiosyncratic shock on the strategies played in a N.E. (Proposition 2.4) and on payoffs obtained in a N.E. (Proposition 2.5). Effects of a generalized shock (Proposition 2.6). Effect of an increase in the marginal cost on equilibrium price in Oligopoly and Perfect Competition (Propositions 2.7 and 2.8). Games with Strategic Complements: Effects of a shock on the strategies played in a N.E. (Proposition 2.9) and on payoffs obtained in a N.E. (Proposition 2.10). The effect of entry of a new player on the strategies played in a N.E. (Proposition 2.11) and on the payoffs obtained in a N.E. (Proposition 2.12)

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

Buying options

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   44.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • BRESNAHAN, T.F. and REISS, P.C. (1991). “Entry and Competition in Concentrated Markets”, Journal of Political Economy, vol. 99 n. 5, pp. 977–1009.

    Article  Google Scholar 

  • BULOW, J., GEANAKOPLOS, J. and KLEMPERER, P. (1985). “Multimarket Oligopoly: Strategic Substitutes and Complements”. Journal of Political Economy, vol. 93, pp. 488–511.

    Article  Google Scholar 

  • COOPER, R., and JOHN, A. (1988). “Coordinating Coordination Failures in Keynesian Models”. Quarterly Journal of Economics, 102, pp. 441–464.

    Article  Google Scholar 

  • CORCHON, L. (1992). “Imperfectly Competitive Markets, Trade Unions and Inflation: Do Imperfectly Competitive Markets Transmit more Inflation than Perfectly Competitive ones?: A Theoretical Appraisal”. Working Paper. U. of Alicante.

    Google Scholar 

  • CORCHON, L. (1994). “Comparative Statics for Aggregative Games: The Strong Concavity Case”, Mathematical Social Sciences, 28, pp. 151–165.

    Article  Google Scholar 

  • DIXIT, A. (1986). “Comparative Statics for Oligopoly”. International Economic Review, February, pp. 107–122.

    Google Scholar 

  • FARRELL, J. and SHAPIRO, C. (1990). “Asset Ownership and Market Structure in Oligopoly”, Rand Journal of Economics 21, pp. 275–292.

    Article  Google Scholar 

  • FRANK, C.R. (1965). “Entry in a Cournot Market”, Review of Economic Studies, 32, pp. 245–50.

    Article  Google Scholar 

  • FUDENBERG, D. and TIROLE, J. (1991). Game Theory. MIT Press, Cambridge, Mass.

    Google Scholar 

  • GAUDET, G and SALANT, S. (1991). “Increasing the Profits of a Subset of Firms in Oligopoly Models with Strategic Substitutes”. American Economic Review, vol. 81 n. 3, pp. 658–665.

    Google Scholar 

  • LIPPMAN, S.A., MAMER, J.W., and McCARDLE, K.F. (1987). “Comparative Statics in Non-cooperative Games via Transinfinitely Iterated Play”, Journal of Economic Theory, 41, pp. 288–303.

    Article  Google Scholar 

  • MARTIN, S. (1993). Advanced Industrial Economics, Blackwell Publishers, Oxford.

    Google Scholar 

  • MC MANUS, M. (1962). “Numbers and Size in Cournot Oligopoly”, Yorkshire Bull, 14, pp. 14–22.

    Article  Google Scholar 

  • MC MANUS, M. (1964). “Equilibrium, Numbers and Size in Cournot Oligopoly”, Yorkshire Bull, 16, pp. 68–75.

    Article  Google Scholar 

  • MILGROM, P. and ROBERTS, J. (1990). “Rationalizability, Learning and Equilibrium in Games with Strategic Complementarities”, Econometrica 58, no 6, pp. 1255–1277.

    Google Scholar 

  • MILGROM, P. and SHANNON, C. (1994). “Monotone Comparative Statics”. Econometrica 62, pp. 157–180.

    Article  Google Scholar 

  • NOVSHEK, W. (1985). “On the Existence of Cournot Equilibrium”. Review of Economic Studies, LII, pp. 85–98.

    Google Scholar 

  • OKUGUCHI, K. (1973). “Quasi-Competitiveness and Cournot Oligopoly”, Review of Economic Studies, 40, pp. 145–148.

    Article  Google Scholar 

  • QUIRMBACH, H. (1988). “Comparative Statics for Oligopoly. Demand Shift Effects”, International Economic Review, August, pp. 451–459.

    Google Scholar 

  • ROBERTS, J. and SONNENSCHEIN, H. (1977) “On the Foundations of the Theory of Monopolistic Competition”. Econometrica, vol. 45, n° 1 pp. 101–113.

    Google Scholar 

  • RUFFIN, R.J. (1971). “Cournot Oligopoly and Competitive Behavior”, Review of Economic Studies, 38, pp. 493–502.

    Article  Google Scholar 

  • SALANT, S.W., SWITZER, S. and REYNOLDS, R.J. (1983). “Losses from Horizontal Merger: The Effects of an Exogenous Change in Industry Structure on Cournot-Nash Equilibrium”. The Quarterly Journal of Economics, vol. 98, n 2 pp. 185–199.

    Article  Google Scholar 

  • SALINGER, M.A. (1988). “Vertical Mergers and Market Foreclosure”. Quarterly Journal of Economics, vol. 103, n° 2, pp. 345–356.

    Google Scholar 

  • SEADE, J. (1980). “On the Effects of Entry”, Econometrica, vol. 48, n 2, pp. 256–278.

    Article  Google Scholar 

  • SELTEN, R. (1986). “Elementary Theory of Slack-ridden Imperfect Competition” in J. Stiglitz and G.F. Mathewson (eds.) New Developments in the Analysis of Market Structure, MIT Press

    Google Scholar 

  • SILVESTRE, J. (1993). “The Market Power Foundations of Macroeconomic Policy”, Journal of Economic Literature, 21, pp. 105–141.

    Google Scholar 

  • SZIDAROVSKY, F. and YAKOWITZ, S. (1982). “Contributions to Cournot Oligopoly Theory”, Journal of Economic Theory, 28, pp. 51–70.

    Article  Google Scholar 

  • TAKAYAMA, A. (1974). Mathematical Economics. The Dryden Press, Hinsdale, Illinois.

    Google Scholar 

  • VIVES, X. (1990). “Nash Equilibrium with Strategic Complementarities”, Journal of Mathematical Economics, 19 pp. 305–321.

    Article  Google Scholar 

  • VIVES, X. (1993). “Edgeworth and Modern Oligopoly Theory”, European Economic Review, 37, pp. 463–476.

    Article  Google Scholar 

  • WILLIAMSON, O. E. (1967) “Hierarchical Control and Firm Size”, Journal of Political Economy, 75, 2, pp. 123–138.

    Article  Google Scholar 

  • ZALESKI, P. A. (1992). “Industry Concentration and the Transmission of Cost-Push Inflation: Evidence from the 1974 OPEC Oil Crisis”. Journal of Economics and Business, pp. 135–141.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 1996 Springer-Verlag Berlin Heidelberg

About this chapter

Cite this chapter

Corchón, L. (1996). Comparative Statics in Oligopolistic Markets. In: Theories of Imperfectly Competitive Markets. Lecture Notes in Economics and Mathematical Systems, vol 442. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-22531-8_3

Download citation

  • DOI: https://doi.org/10.1007/978-3-662-22531-8_3

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-61553-8

  • Online ISBN: 978-3-662-22531-8

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics