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The theory of price and quality decision-making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a novel theory of that decision-making, based upon the notion of the industry as a community of agents who are involved in both competitive and cooperative relationships. It develops theories and illustrates methodological approaches to the analysis of price and quality decision-making in such instances of a 'rivalrous consonance of interests' among firms.

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Produktbeschreibung
The theory of price and quality decision-making in industries with a few firms which recognize their mutual interdependence is of increasing interest to economists and policy makers. This book introduces a novel theory of that decision-making, based upon the notion of the industry as a community of agents who are involved in both competitive and cooperative relationships. It develops theories and illustrates methodological approaches to the analysis of price and quality decision-making in such instances of a 'rivalrous consonance of interests' among firms.

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Autorenporträt
ROBERT E. KUENNE is Professor of Economics, Emeritus, Princeton University, and Director of the General Economic Systems Company in Princeton, New Jersey. He is the author or editor of 15 books, specialising in economic theory and industrial organisation, notably in general equilibrium and of oligopoly theory. He has pioneered the theory of rivalrous consonance in oligopoly theory which provides and operational framework for analysing tacit collusion among rivals in oligopolistic industries.