The book focuses on the dynamics of nonlinear oligopoly models. It discusses the classical Cournot model with a large …

The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under … that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory … the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and …