By Krishnendu Ghosh Dastidar
This booklet presents an fiscal research of assorted features of ‘market quality’, a brand new notion which emerged within the twenty first century, utilizing the instruments of ‘oligopoly concept’ and ‘auction idea’ that advanced over the nineteenth and twentieth centuries. within the economics literature the hyperlink among the theories of oligopoly and auctions with industry caliber is still mostly unexplored. This e-book makes an attempt to forge this type of hyperlink because it brings jointly correct theoretical leads to the literature on those subject matters less than a unified framework. whereas the booklet is principally theoretical in nature, it additionally discusses a few particular concerns concerning the issues of marketplace caliber in rising economies like India. Illustrated through conscientiously selected examples, this booklet is extremely urged to readers who search an in-depth and updated built-in review of the hot box of marketplace caliber economics and have an interest in a few open examine difficulties during this area.
How should still auctions and different allocation mechanisms be designed for oligopolistic industries to accomplish such pursuits as potency, top of the range output and quick creation? Krishnendu Ghosh Dastidar’s e-book deals novel research of this question and in addition a few attention-grabbing solutions. hugely recommended.
Eric S. Maskin, Nobel laureate in Economics
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