Price and Nonprice Rivalry in Oligopoly: The Integrated Battleground

Price and Nonprice Rivalry in Oligopoly: The Integrated Battleground

by Robert E. Kuenne
     
 

The theory of price and quality decision making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a novel theory of that decision making, based upon the notion of the industry as a community of agents who are involved in both competitive and cooperative…  See more details below

Overview

The theory of price and quality decision making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a novel theory of that decision making, based upon the notion of the industry as a community of agents who are involved in both competitive and cooperative relationships. It develops theories and illustrates methodological approaches to the analysis of price and quality decision making in such instances of a "rivalrous consonance of interests" among firms.

Editorial Reviews

Booknews
Kuenne (emeritus, economics, Princeton U.) adopts a novel approach to oligopolies, defined as communities of firms which are intensely aware of the high visibility of their price and product quality descisions and their impact on rivals' profit. He seeks to replace the non- cooprative Game theory of business behavior with a "general theory" that permits the combination of competition and cooperation, varying the weights given each in accordance with the structure and ethos of individual industries. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780312215736
Publisher:
St. Martin's Press
Publication date:
08/20/1998
Pages:
451
Product dimensions:
5.82(w) x 8.83(h) x 1.61(d)

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