Project Details
Description
The present project is based on the theory of the firm and how firms interact in markets. The aim is to add real-world complications to the perfectly competitive model, such as transaction costs, limited information and barriers to entry for new firms that may be associated with imperfect competition. More specifically, in this project, microeconomic models are used to explain internal firm organisation and market strategy, which includes internal research and development along with internal reorganisation and renewal issues. The use of game theory for the formal analysis of economic models is central to this research project.
Keywords
Incentives, barriers to entry, perfect competition model
| Status | Finished |
|---|---|
| Effective start/end date | 6/1/16 → 5/31/20 |
UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This project contributes towards the following SDG(s):
Main Funding Source
- Competitive Funds
- Starter Funds
Location
- Bogotá D.C.
Fingerprint
Explore the research topics touched on by this project. These labels are generated based on the underlying awards/grants. Together they form a unique fingerprint.