Oligopoly and Game Theory—The Kursaal Flyers

Geraint Johnes ()
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Geraint Johnes: Lancaster University Management School

Chapter Chapter 6 in Economics for Lovers of Literature, 2023, pp 27-33 from Springer

Abstract: Abstract Beginning with a quote from Swift, this chapter examines competition among a few large producers, using game theory to explore strategic interaction. The chapter demonstrates how a (Nash) equilibrium can be obtained, and explores the implications for economic welfare.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-26486-3_6

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DOI: 10.1007/978-3-031-26486-3_6

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