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Strategic Interaction and Markets

Strategic Interaction and Markets

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Imperfect competition is the paradigm that develops as soon as economic agents interact in a conscious manner, which is the rule when competition takes place amongst a restricted number of agents. This book explores the theoretical richness of these economic contexts, using some basic tools of game theory. Designed as an ancillary text for graduate students, it summarizes the historic contributions made by economic theorists and makes accessible many of the most recent developments in the same field.