Chapter 7: Oligopolistic competition and welfare
Robert A. Ritz
Category:
Handbook Chapter
Published:
23 Feb 2018
Page Range:
181–200
Collection:
Economics 2018
DOI:
https://doi.org/10.4337/9781785363283.00013
Restricted access

This chapter provides a selective survey of recent developments in the study of social welfare under oligopoly. The main topics covered are (i) the rate of cost pass-through as a tool to analyze market performance; (ii) the quantification of welfare losses due to market power in Cournot-style models; and (iii) new results from models with endogenous entry. The chapter highlights common themes across these topics and identifies areas for future research.

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Cover Handbook of Game Theory and Industrial Organization, Volume I
Handbook of Game Theory and Industrial Organization, Volume I
Edited by
Luis C. Corchón
and
Marco A. Marini
Handbook
Published:
23 Feb 2018
Print ISBN:
9781785363276
eISBN:
9781785363283
DOI:
https://doi.org/10.4337/9781785363283
Pages:
576
Collection:
Economics 2018
Buy Print