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Oligopoly, Auctions and Market Quality (Hardcover, 1st ed. 2017)
Loot Price: R3,038
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Oligopoly, Auctions and Market Quality (Hardcover, 1st ed. 2017)
Series: Economics, Law, and Institutions in Asia Pacific
Expected to ship within 10 - 15 working days
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This book provides an economic analysis of various aspects of
'market quality', a new concept which emerged in the 21st century,
using the tools of 'oligopoly theory' and 'auction theory' that
evolved over the 19th and 20th centuries. In the economics
literature the link between the theories of oligopoly and auctions
with market quality remains largely unexplored. This book attempts
to forge such a link as it brings together relevant theoretical
results in the literature on these topics under a unified
framework. While the book is mainly theoretical in nature, it also
discusses some specific issues related to the problems of market
quality in emerging economies like India. Illustrated by carefully
chosen examples, this book is highly recommended to readers who
seek an in-depth and up-to-date integrated overview of the new
field of market quality economics and are interested in some open
research problems in this area. How should auctions and other
allocation mechanisms be designed for oligopolistic industries to
achieve such goals as efficiency, high-quality output and fast
production? Krishnendu Ghosh Dastidar's book offers novel analysis
of this question and also some interesting answers. Highly
recommended. Eric S. Maskin, Nobel laureate in Economics
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