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.
Incentives, barriers to entry, perfect competition model
|Effective start/end date||6/1/16 → 5/31/20|
Main Funding Source