00000cmm a22000005i 4500 UP-99796217611000632 Buklod 20131126110808.0 m go j cr |n |||auu|a 101120s2011 xx u | eng d 9783642159640 (eBook) 3642159648 (eBook) (iLib)UPD-00206905665 DLC DML eng HD 2757.3 P88 2011eb Puu, Tönu. author. Oligopoly [electronic resource] Old Ends - New Means by Tönu Puu. Berlin, Heidelberg Springer Berlin Heidelberg 2011. 1 online resource (ix, 172p.) 41 illus. Introduction -- Cournot Oligopoly -- Duopoly and Complex Dynamics -- Stackelberg Leadership -- Capacity Limits -- Multistability -- The Hotelling Paradox. IP based subscription, on campus only. Access via Electronic Resources of the UPD University Library Website. The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition is due to mistakenly assuming constant returns, and that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory, such as coexistence and multiplicity of attractors are focused again after many undeserved decades of oblivion. Oligopolies. Electronic books. SpringerLink. Available for University of the Philippines Diliman via SpringerLink. Click here to access http://dx.doi.org/10.1007/978-3-642-15964-0 (viewed 18 March 2014) FO Monograph UPD DMLR Electronic Resource