Managerial economics

About: Managerial economics is a research topic. Over the lifetime, 1524 publications have been published within this topic receiving 83965 citations.

The interaction between game theory and theoretical industrial economics

Abstract: This paper considers the impact of game theory on economics and of economics on game theory, particularly with reference to the ways that industrial economics has been affected. Some old, pre-game theory oligopoly models of P. Sweezy, H. Stackelberg, and E. H. Chamberlin are revisited and analyzed from a game theoretic standpoint. Then some recent work is examined in which the game theoretic influence is evident. After that the "folk theorem" and its relationship to industrial economics is considered. Finally, some guesses are offered concerning the future directions that theoretical industrial organization should take and the relationship of game theory to these directions. Copyright 1992 by Scottish Economic Society.

Managerial Economics for Business, Management, and Accounting

Abstract: *The definition and scope of managerial economics *Basic features of the firm and its environment *Business objectives and models of the firm *The importance of risk and uncertainty *Consumer behaviour and market behaviour *Demand and elasticity *Estimating and forecasting demand *Production and the determination of costs *Formal models of competitive structure *The five forces approach to competitive structure *Elements of business strategy *Pricing decisions *Pricing practice, transfer pricing and pricing for public enterprise *Non-price competition and the marketing mix *Investment decisions and the cost of capital *Policy towards competition *Industrial policy *The growth and scope of the firm *The multinational enterprise