: Heinrich von Stackelberg
: Market Structure and Equilibrium
: Springer-Verlag
: 9783642125867
: 1
: CHF 104.40
:
: Volkswirtschaft
: English
: 134
: Wasserzeichen/DRM
: PC/MAC/eReader/Tablet
: PDF
In his book 'Marktform und Gleichgewicht', published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of firm competition. In a work of great originality and richness, he described and analyzed a market situation in which the leader firm moves first and the follower firms then move sequentially. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business. As the first translation of von Stackelberg's book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.
About the Translators8
Comments On The Translation10
Translators´ Commentary12
Contents14
Chapter 1: Stating the Economic Problem and Basic Principles16
§ 1. Stating the Economic Problem16
§ 2. Systems of Market Structures17
§ 3. Elements of the Economic Model18
§ 4. Basic Principles of the Free Market Capitalist Economy20
§ 5. The Classical General Equilibrium Model20
§ 6. The General Notion of Individual Equilibrium in a Market23
Chapter 2: General Analysis of Typical Market Structures26
§ 1. Methods26
§ 2. Classical Equilibrium by Free Competition27
§ 3. Monopsony and Monopoly28
§ 4. Oligopolistic Supply and Demand30
§ 5. Bilateral Monopoly37
§ 6. Bilateral Oligopoly, Reduced Monopsony, Reduced Monopoly40
Chapter 3: Analysis of the Relationship Between Dual Markets and Multiple Markets42
§ 1. System of Relationships Between Two Markets42
§ 2. Two Monopsonies with Tied Supply (Type I)45
§ 3. Two Monopolies with Tied Demand (Type II)49
§ 4. The Intermediary Bilateral Monopoly (Type III)51
§ 5. Market Equilibrium and Equilibrium52
Chapter 4: Dyopolistic Market Share Ranking55
§ 1. General Analysis55
§ 2. The Simple Dyopoly62
I. The Demand Dyopoly62
II. The Supply Dyopoly62
§ 3. The Supply Relationship Between Two Monopsonies63
I. Alternative Products63
II. Complementary Products65
§ 4. The Demand Relationship Between Two Monopolies67
I. Rival Goods67
II. Complementary Goods68
§ 5. The Intermediary Bilateral Monopoly68
§ 6. A Numerical Example69
Chapter 5: Landmark History of Economic Thought75
§ 1. First Attempt to Solve the Problem of Dyopoly75
I. August Cournot 183875
II. Joseph Bertrand 188376
III. Francis Isidro Edgeworth 189778
IV. Vilfredo Pareto 190980
§ 2. Development of Dyopoly Theory82
I. The Bertrand-Edgeworth School82
II. The Lausanne School83
III. The Rebirth of Cournot´s Theory84
IV. The Term, ``The Position of Independence´´87
V. The Eclectic School89
§ 3. Overview of the Development of Bilateral Monopoly Theory 94
Chapter 6: Market Structure and Economic Policy98
§ 1. The Significance of the Unstable Market in the Real Economy98
§ 2. Safeguarding the Equilibrium as a Function of Economic Policy101
§ 3. The Theoretical Model of Fascist Corporative Markets105
Mathematical Appendix108
I. The General Structure of the Individual Equilibrium in a Market. (First chap., § 6.)108
II. The Classical General Equilibrium in a Market with Free Competition. (Second Chap., § 2.)110
III. The Monopoly. (Second Chap., § 3.)113
IV. The Oligopoly. (Second Chap., § 4.)114
V. The Bilateral Monopoly. (Second Chap., § 5.)117
VI. Preliminary Remarks for the Third Chapter.121
VII. Two Monopsonies with Tied Supply. (Third Chap., § 2.)124
VIII. The Intermediary Bilateral Monopoly. (Third Chap., § 4.)129
IX. The Dyopoly. (Numerical Example.)131
X. The Demand Relationship Between Monopolies. (Algebraic Example)135
XI. Additional Item.142
R.F. Harrod´s attempt at a solution142
Index146