第12章 the Analysis of Competitive Markets.ppt

Monopolistic Competition and Oligopoly MONOPOLISTIC COMPETITION The Makings of Monopolistic Competition MONOPOLISTIC COMPETITION Equilibrium in the Short Run and the Long Run MONOPOLISTIC COMPETITION Equilibrium in the Short Run and the Long Run MONOPOLISTIC COMPETITION Monopolistic Competition and Economic Efficiency MONOPOLISTIC COMPETITION Monopolistic Competition and Economic Efficiency MONOPOLISTIC COMPETITION OLIGOPOLY The Makings of Monopolistic Competition OLIGOPOLY Equilibrium in an Oligopolistic Market OLIGOPOLY The Cournot Model OLIGOPOLY The Cournot Model OLIGOPOLY The Linear Demand Curve—An Example OLIGOPOLY The Linear Demand Curve—An Example OLIGOPOLY The Linear Demand Curve—An Example OLIGOPOLY First Mover Advantage—The Stackelberg Model PRICE COMPETITION Price Competition with Homogeneous Products—The Bertrand Model PRICE COMPETITION Price Competition with Differentiated Products PRICE COMPETITION Price Competition with Differentiated Products PRICE COMPETITION COMPETITION VERSUS COLLUSION:THE PRISONERS’ DILEMMA COMPETITION VERSUS COLLUSION:THE PRISONERS’ DILEMMA COMPETITION VERSUS COLLUSION:THE PRISONERS’ DILEMMA IMPLICATIONS OF THE PRISONERS’ DILEMMAFOR OLIGOPOLISTIC PRICING Price Rigidity IMPLICATIONS OF THE PRISONERS’ DILEMMAFOR OLIGOPOLISTIC PRICING Price Rigidity IMPLICATIONS OF THE PRISONERS’ DILEMMAFOR OLIGOPOLISTIC PRICING Price Signaling and Price Leadership IMPLICATIONS OF THE PRISONERS’ DILEMMAFOR OLIGOPOLISTIC PRICING Price Signaling and Price Leadership IMPLICATIONS OF THE PRISONERS’ DILEMMAFOR OLIGOPOLISTIC PRICING Price Signaling and Price Leadership IMPLICATIONS OF THE PRISONERS’ DILEMMAFOR OLIGOPOLISTIC PRICING The Dominant Firm Model IMPLICATIONS OF THE PRISONERS’ DILEMMAFOR OLIGOPOLISTIC PRICING The Dominant Firm Model CARTELS Analysis of Cartel Pricing CARTELS CARTELS CARTELS 12.5 D is the market demand curve, and SF is the supply curve (i.e., the aggregate marginal cost curve) of the smaller fringe firms. The dominant