Oligopoly, Auctions and Market Quality

By: Krishnendu Ghosh Dastidar

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Synopsis: Theories of oligopoly and auctions have a direct link with the theory of market quality. Surprisingly, however, this link has not been adequately analysed in the literature. This book fills that gap and focusses on the interconnections between theories of oligopoly, auctions, and market quality. It brings together the relevant theoretical results in the literature on these topics under a unified framework and argues that insights from the theories of oligopoly and auctions can help us understand and analyse problems related to market quality. 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 that of India. The book also shows how in such specific cases, insights from the theoretical results on oligopoly and auctions can be used to improve market quality. Illustrated by carefully chosen examples and supported by case studies, 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