In 1934 Springer published a book by Heinrich von Stackelberg, -Market and Equilibrium-, which contained pathbreaking studies on oligopolistic markets. In particular, it analyzed the behavior of a ?rm acting as a leader with a ?rst mover advantage in the choice of its production level over another ?rm acting as a follower. That analysis became the foundation of the economic theory of market leaders and is the starting point of my book. In the following pages I develop a generalization of Stackelberg's idea, with a focus on the und- standing of the behavior of market leaders under di ?erent...
In 1934 Springer published a book by Heinrich von Stackelberg, -Market and Equilibrium-, which contained pathbreaking studies on oligopolistic markets...
The book introduces a new approach to macroeconomics based on endogenous market structures (EMSs), with a close focus on business cycles, international trade and policy and growth. Chapter 1 reviews the standard neoclassical approach to macroeconomics. Chapter 2 extends it to EMSs with strategic interactions and endogenous entry of firms. Chapter 3 introduces EMSs in a model of the business cycle, shows that they allow us to outperform RBC models in explaining the cyclical variability of US data, and studies fiscal and monetary policy. Chapter 4 introduces EMSs in international trade,...
The book introduces a new approach to macroeconomics based on endogenous market structures (EMSs), with a close focus on business cycles, internati...
In 1934 Springer published a book by Heinrich von Stackelberg, -Market and Equilibrium-, which contained pathbreaking studies on oligopolistic markets. In particular, it analyzed the behavior of a ?rm acting as a leader with a ?rst mover advantage in the choice of its production level over another ?rm acting as a follower. That analysis became the foundation of the economic theory of market leaders and is the starting point of my book. In the following pages I develop a generalization of Stackelberg's idea, with a focus on the und- standing of the behavior of market leaders under di ?erent...
In 1934 Springer published a book by Heinrich von Stackelberg, -Market and Equilibrium-, which contained pathbreaking studies on oligopolistic markets...
