Objectives The objectives of this chapter is to study price- output decisions under non-collusive oligopoly. While going through this chapter, you will study about various models of non-collusive oligopoly and analystical difficulties in oligopoly market. We will discuss under this 1) Chamberlin's Model 2) Kinkd Models of Oligopoly 3) Stackelberg's...

Under this article we will discuss- 1) Cournot's Model, 2) Bertrand's model 3) Edgeworth's Model, Introduction We have studied price and output determination under three market forms, namely, perfect competition, monopoly and monopolistic competition.However, in the real world economices we find that many of the market or industries are...

The modern theory of public debt or the new orthodoxy as Buchanan puts it, is an offshoot of the economics of depression or the Keynesian economics. The economic anamoly created by the great depression of the 1930s, led to the development of the new theory of public debt. The modern theory states that a huge public debt is a national asset rather...

I. Introduction Public debt, both internal and external, as a means of financing economic development assumes a significant role in modern times. In recent years, Government's expenditure has been increasing faster than its ability to raise resources. It is so because now its activities are not so restricted as only to maintain law and order and...

Introduction The balance of payments of a country is a systematic record of all its economic transactions with the outside world in a given year. It is a statistical record of the character and dimensions of the country's economic relationships with the rest of the world. According to Bo Sodersten, "The balance of payments is merely a way of listing...