
The Economics of Imperfect Information
Louis Phlips
₹3,950

by Louis Phlips, Barry J. Nalebuff, R. Schmalensee
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This book is an important collection of papers published over the past ten years in American and European journals. Part 1 explains market structure as a function of sunk costs and market size. Part 2 illustrates the central role of pricing schemes (including parallel pricing, delivered pricing and competition clauses) in sustaining equilibrium outcomes in oligopolistic markets.
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