This book provides an economic analysis of various aspects of market quality, a new concept which emerged in the 21st century, using the tools of oligopoly theory and auction theory that evolved over the 19th and 20th centuries. In the economics literature the link between the theories of oligopoly and auctions with market quality remains largely unexplored. This book attempts to forge such a link as it brings together relevant theoretical results in the literature on these topics under a unified framework. While the book is mainly theoretical in nature, it also discusses some specific issues related to the problems of market quality in emerging economies like India. Illustrated by carefully chosen examples, this book is highly recommended to readers who seek an in-depth and up-to-date integrated overview of the new field of market quality economics and are interested in some open research problems in this area.
How should auctions and other allocation mechanisms be designed for oligopolistic industries to achieve such goals as efficiency, high-quality output and fast production? Krishnendu Ghosh Dastidars book offers novel analysis of this question and also some interesting answers. Highly recommended.
Eric S. Maskin, Nobel laureate in Economics
1 Introduction.- 2 Allocation of scarce resources.- 3 E?ects of corruption and incompetence in the quality monitoring process.- 4 On some aspects of scoring auctions.- 5 Some specifc market quality issues in emerging economies.- References.- Index.
This is a book of high quality bringing to bear sophisticated theoretical analysis on problems of practical interest. & it will be fully appreciated only by specialists, the author makes a sincere effort to make it accessible to non-specialists by providing extensive background material and summaries. (Arunava Sen, Journal of QulĂ*
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