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Baye Cover
Managerial Economics and Business Strategy, 4/e
Michael Baye, Indiana University - Bloomington
Basic Oligopoly Models

Chapter Outline

Headline: Crude Oil Prices Fall, but Consumers in Some Areas See No Relief at the Pump

  1. Introduction
  2. Conditions for Oligopoly
  3. The Role of Beliefs and Strategic Interaction
  4. Profit Maximization in Four Oligopoly Settings
    1. Sweezy Oligopoly
    2. Cournot Oligopoly
      1. Reaction Functions and Equilibrium
      2. Isoprofit Curves
      3. Changes in Marginal Costs
      4. Collusion
    3. Stackelberg Oligopoly
    4. Bertrand Oligopoly
  5. Comparing Oligopoly Models
    1. Cournot
    2. Stackelberg
    3. Bertrand
    4. Collusion
  6. Contestable Markets
  7. Answering the Headline
  8. Summary
  9. Key Terms and Concepts
  10. Conceptual and Computational Questions
  11. Problems and Applications
  12. Selected Readings
  13. Appendix: Differentiated-Product Bertrand Oligopoly




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