Glossary of terms
Index
Copyright
Introduction
The theory
Describing technology: the production function
Output as a function of one input, holding other inputs fixed: the total product, marginal product, and average product functions
Combinations of inputs that yield the same output: isoquants
Changes in output as all inputs change by the same factor: returns to scale
The theory of a cost-minimizing firm
The cost function of a firm with one variable input
Variation on a theme: allocating output between two plants
The cost function of a firm with two variable inputs
Basic theory
Comparative statics
The cost function and returns to scale
Long run and short run cost functions
The supply function of a profit-maximizing price-taking firm
Competitive equilibrium in an exchange economy
Competitive equilibrium
Pareto efficiency
Competitive equilibrium in an economy with production
Short run competitive equilibrium
Long run competitive equilibrium
Comparative statics in the short run and the long run
The theory of monopoly
The behavior of a profit-maximizing monopolist setting a single price
The behavior of a profit-maximizing price-discriminating monopolist
When is a monopoly robust to entry?
Policies to control a monopoly
Theories of oligopoly
Analytical tool: strategic games
Cournot's duopoly model
Cournot's oligopoly model and the competitive model
Collusion among oligopolists
Copyright
© 1997 by
Martin J. Osborne