Market Structure and Equilibrium [Paperback]

In his book Marktform und Gleichgewicht, published initially in 1934, Heinrich von Stackelberg presented his groundbreaking leadership model of firm competition. In a work of great originality and richness, he described and analyzed a market situation in which the leader firm moves first and the follower firms then move sequentially. This game-theoretic model, now widely known as Stackelberg competition, has had tremendous impact on the theory of the firm and economic analysis in general, and has been applied to study decision-making in various fields of business. As the first translation of von Stackelbergs book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.

Marktform und Gleichgewicht, published in 1934, presented Heinrich von Stackelbergs groundbreaking leadership model of firm competition. This volume makes his classic work available in its original form to an English-speaking audience for the first time.

Comments on the Translation.- 1 Stating the Economic Problem and Basic Principles.- 2 General Analysis of Typical Market Structures.- 3 Analysis of the Relationship between Dual Markets and Multiple Markets.- 4 Dyopolistic Market Share Ranking.- 5 Landmark History of Economic Thought.- 6 Market Structure and Economic Policy.- Mathematical Appendix.- Bibliography.

From the book reviews:

The translation of Stackelbergs work established under the direction of D. Bazin will enable students not only to familiarise themselves with market forms, but also to become aware of the social and political conditions behind economic theories. & D. Bazins initiative represents a decisive addition to the comprehension of economic theories and the epistemological ruptures that characterise them. (Thierry Pouch, History of Economic Ideas, Vol. XXII (2), 2014)In his book Marktform und Gleichgewicht, published initially in 1934, Heinrich von Stackell“.