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Strategic Interaction and Markets
Jean J. Gabszewicz
Abstract
Perfect competition provides a model of a frictionless economy in which economic agents behave independently of each other, abandoning to the market the task of coordinating their individual decisions. This model is extensively studied in traditional price theory textbooks.
Keywords: barriers to entry, collusion, economic agents, game theory, general equilibrium, imperfect competition, imperfect information, oligopoly, product differentiation
Bibliographic Information
| Print publication date: 2000 | Print ISBN-13: 9780198233411 |
| Published to Oxford Scholarship Online: November 2003 | DOI:10.1093/0198233418.001.0001 |
