| Managerial Economics and Business Strategy, 4/e Michael Baye,
Indiana University - Bloomington
Basic Oligopoly Models
Chapter OutlineHeadline: Crude Oil Prices Fall, but Consumers in Some Areas See No Relief
at the Pump - Introduction
- Conditions for Oligopoly
- The Role of Beliefs and Strategic Interaction
- Profit Maximization in Four Oligopoly Settings
- Sweezy Oligopoly
- Cournot Oligopoly
- Reaction Functions and Equilibrium
- Isoprofit Curves
- Changes in Marginal Costs
- Collusion
- Stackelberg Oligopoly
- Bertrand Oligopoly
- Comparing Oligopoly Models
- Cournot
- Stackelberg
- Bertrand
- Collusion
- Contestable Markets
- Answering the Headline
- Summary
- Key Terms and Concepts
- Conceptual and Computational Questions
- Problems and Applications
- Selected Readings
- Appendix: Differentiated-Product Bertrand Oligopoly
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