Fuzzy Sets and Economics: Applications of Fuzzy Mathematics to Non-Cooperative Oligopoly

This text presents an introduction to fuzzy mathematics, as well as demonstrating its adaptability to the analysis of oligopolistic competition. In particular, the book indicates how the economic evaluation of non-cooperative oligopoly markets is changed when fuzzy set maths 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 revealed to be affected by the introduction of a fuzzy mathematics framework.