Oligopoly Pricing

Focusing on the oligopoly problem, this book presents a modern game-theoretic framework for understanding pricing in markets with few competitors. Xavier Vives connects classic economic theories with contemporary game theory, emphasizing supermodular games. The text offers a detailed analysis of static models, existence results, and equilibrium characterizations, while also exploring commitment issues, entry strategies, and collusion through advanced concepts like asymmetric information and dynamic games, including Markov perfect equilibrium.