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Market Structure and Equilibrium

Authors: von Stackelberg, Heinrich

  • High-quality translation of Stackelberg's classic book
  • Stackelberg's groundbreaking work made available to an English-speaking audience for the first time
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eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-642-12586-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
  • ISBN 978-3-642-12585-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.99
price for USA in USD
  • ISBN 978-3-642-42390-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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 Stackelberg’s book into English, this volume makes his classic work available in its original form to an English-speaking audience for the very first time.

Reviews

From the book reviews:

“The translation of Stackelberg’s 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. Bazin’s 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)

I am very pleased about the fact that Heinrich von Stackelberg’s book “Market Structure and Equilibrium” is now available in English. This book is of great importance for the history of economic thought. The “Stackelberg Solution” can be found in every textbook, and it is interesting to look at the original text in order to see how von Stackelberg himself dealt with it. - Reinhard Selten, Nobel Laureate in Economics 1994

Heinrich von Stackelberg’s model of duopoly is a linchpin of the theory of industrial organization. Indeed, this model and those of Augustin Cournot and Joseph Bertrand together constitute the most important historical milestones in our understanding of strategic imperfect competition. It is notable that the Stackelberg model anticipated subgame perfect equilibrium many years before that concept’s development in the game theory literature. Suprisingly, no English language version of Stackelberg’s masterwork Marktform und Gleichgewicht has previously been available. But, fortunately, Damien Bazin has now given us a splendid translation. - Eric S. Maskin, Nobel Laureate in Economics 2007

Table of contents (6 chapters)

  • Chapter 1 Stating the Economic Problem and Basic Principles

    Stackelberg, Heinrich

    Pages 1-10

  • Chapter 2 General Analysis of Typical Market Structures

    Stackelberg, Heinrich

    Pages 11-26

  • Chapter 3 Analysis of the Relationship Between Dual Markets and Multiple Markets

    Stackelberg, Heinrich

    Pages 27-39

  • Chapter 4 Dyopolistic Market Share Ranking

    Stackelberg, Heinrich

    Pages 41-60

  • Chapter 5 Landmark History of Economic Thought

    Stackelberg, Heinrich

    Pages 61-83

Buy this book

eBook $109.00
price for USA in USD (gross)
  • ISBN 978-3-642-12586-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for USA in USD
  • ISBN 978-3-642-12585-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $139.99
price for USA in USD
  • ISBN 978-3-642-42390-1
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Market Structure and Equilibrium
Authors
Translated by
Bazin, D., Hill, R., Urch, L.
Copyright
2011
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-642-12586-7
DOI
10.1007/978-3-642-12586-7
Hardcover ISBN
978-3-642-12585-0
Softcover ISBN
978-3-642-42390-1
Edition Number
1
Number of Pages
XIV, 134
Topics