An exploration of how firms' competition strategies and behaviors may change over time, and how they affect technological progress, investment decisions, and market dynamics.
Market Structure: The classification of market structure, including the characteristics of each structure, such as perfect competition, monopoly, oligopoly, and monopolistic competition.
Game Theory: The study of decision-making and strategic behavior in competitive situations, including topics such as Nash equilibrium, dominant strategy, and prisoner's dilemma.
Price Discrimination: The practice of charging different prices to different customers for the same product or service, including topics such as first-degree, second-degree, and third-degree price discrimination.
Entry and Exit: The factors that influence the decision of firms to enter or exit markets, including barriers to entry, sunk costs, and strategic commitments.
Network Effects: The impact of the size and characteristics of a network on the demand for a product or service, including positive and negative network effects.
Vertical Integration: The decision of a firm to expand its operations vertically, including topics such as forward and backward integration, make-or-buy decisions, and vertical restraints.
Strategic Rivalry: The competition between firms operating in the same market, including topics such as price competition, product differentiation, and strategic alliances.
R&D and Innovation: The role of research and development in promoting innovation and technological change, including topics such as patents, licensing, and antitrust policy.
Market Power: The ability of a firm to influence market outcomes and capture profits, including topics such as market dominance, market share, and market concentration.
Mergers and Acquisitions: The impact of mergers and acquisitions on market structure and competition, including topics such as horizontal, vertical, and conglomerate mergers, and antitrust regulation.
Regulation and Deregulation: The role of government regulation in shaping market structure and behavior, including topics such as price regulation, access regulation, and deregulation.
Consumer Surplus: The difference between the value that consumers place on a good or service and the price they pay, including topics such as consumer surplus in different market structures and the welfare implications of price discrimination.
Firm Behavior: The decision-making behavior of firms in competitive markets, including topics such as pricing strategies, cost minimization, and the role of economies of scale.
Market Failure: Situations where markets fail to allocate resources efficiently, including topics such as externalities, public goods, and asymmetrical information.
Concentration and Competition: The relationship between market concentration and competition, including the impact of merger activity, barriers to entry, and anti-competitive practices on market structure and behavior.
Intertemporal Competition: Competition that occurs over a period of time, where firms have to make decisions based on their future expectations.
Spatial Competition: Competition that occurs between firms in different geographic locations.
Innovation Competition: Competition based on developing new products, services or technologies.
Strategic Competition: Competition based on strategic interactions such as pricing strategies, advertising, and product differentiation.
Bargaining Competition: Competition that occurs between firms when they are in a bargaining situation.
Learning Competition: Competition based on learning, where firms learn from their own experiences and the experiences of others.
Dynamic Pricing Competition: Competition based on dynamically adjusting prices to stay competitive.
Network Competition: Competition based on network effects, where the value of a product or service is influenced by the number of users.
Evolutionary Competition: Competition based on evolution, where firms learn and adapt to changes in the environment.
Co-opetition: Competition combined with collaboration, where firms cooperate in some areas while competing in others.