Introduction

Krishnendu Dastidar

Chapter Chapter 1 in Oligopoly, Auctions and Market Quality, 2017, pp 1-27 from Springer

Abstract: Abstract In chapter 1 we provide a brief overview of oligopoly theory, auction theory and market quality theory. The genesis of ‘oligopoly theory’ can be traced to the nineteenth century with the publication of the seminal work by Augustin Cournot in 1838. The advent of game theory in the twentieth century made possible the formalization of important ideas about oligopoly. Modern ‘auction theory’ began with the remarkable contribution by William Vickrey in 1961. The full flowering of auction theory came later in the 1970s and 1980s. ‘Market quality’ is a relatively new concept that came up in the twenty-first century based on the research of Makoto Yano. We also provide a summary of the entire book in this chapter.

Date: 2017
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DOI: 10.1007/978-4-431-55396-0_1

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