This book provides an economic analysis of various aspects of 'market quality' a new concept
which emerged in the 21st century using the tools of 'oligopoly theory' and 'auction theory'
that evolved over the 19th and 20th centuries. In the economics literature the link between the
theories of oligopoly and auctions with market quality remains largely unexplored. This book
attempts to forge such a link as it brings together relevant theoretical results in the
literature on these topics under a unified framework. While the book is mainly theoretical in
nature it also discusses some specific issues related to the problems of market quality in
emerging economies like India. Illustrated by carefully chosen examples this book is highly
recommended to readers who seek an in-depth and up-to-date integrated overview of the new field
of market quality economics and are interested in some open research problems in this area.How
should auctions and other allocation mechanismsbe designed for oligopolistic industries to
achieve such goals as efficiency high-quality output and fast production? Krishnendu Ghosh
Dastidar's book offers novel analysis of this question and also some interesting answers.
Highly recommended.Eric S. Maskin Nobel laureate in Economics
