Fuzzy sets and economics
Subtitle: applications of fuzzy mathematics to non-cooperative oligopoly
By: Yusuf M. Mansur.
Publisher: E. Elgar
Published: 1995
Place of publication: Aldershot, England; Brookfield, Vt., USA
Language: eng
Number of pages: 196
Subjects: Oligopolies -- Mathematical models.; Fuzzy sets.
Description: Fuzzy Sets and Economics presents a clear and concise introduction to fuzzy mathematics and demonstrates its adaptability to the analysis of oligopolistic competition. In particular, the author indicates how the economic evaluation of non-cooperative oligopoly markets is changed when fuzzy set mathematics is used.

The neo-classical view that oligopolistic competition is inefficient is shown only to apply in the short run while policy matters, such as antitrust, and some basic economic fundamentals, such as the supply-demand paradigm, are affected by the introduction of a fuzzy mathematics framework.
Notes: Includes bibliographical references (p. 181-187) and index.