Expectations and Stability in Oligopoly Models

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Publisher : Springer Science & Business Media
ISBN 13 : 3642463479
Total Pages : 111 pages
Book Rating : 4.6/5 (424 download)

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Book Synopsis Expectations and Stability in Oligopoly Models by : K. Okuguchi

Download or read book Expectations and Stability in Oligopoly Models written by K. Okuguchi and published by Springer Science & Business Media. This book was released on 2013-03-08 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since A.C.Cournot(1838), economists have been increasingly interested in oligopoly, a state of industry where firms producing homogeneous goods or close substitutes are limited in number. The fewness of firms in oligopoly gives rise to interdependence which they have to take into account in choosing their optimal output or pricing policies in each production period. Since each firm's profit is a function of all firms' outputs in an oligopoly without product differ entiation, each firm in choosing its optimal output in any period has to know beforehand all other rival firms' outputs in the same period. As this is in general impossible, it has to form some kind of expecta tion on other firms' most likely outputs. Cournot thought that in each period each firm assumed that all its rivals' outputs would remain at the same level as in the preceding period. Needless to say, the Cournot assumption is too naive to be realistically supported. However, the Cournot profit maximizing oligopoly model characterized by this assumption has many important and attractive properties from the view point of economic theory and provides a frame of reference for more realistic theories of oligopoly. In Chapters 1-3, we shall be engaged in analyzing the Cournot oligopoly model in greater detail from the viewpoints of existence, stability, uniqueness and quasi-competitive ness of the equilibrium.

Expectations and stability in oligopoly models

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ISBN 13 :
Total Pages : 103 pages
Book Rating : 4.:/5 (468 download)

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Book Synopsis Expectations and stability in oligopoly models by : Koji Okuguchi

Download or read book Expectations and stability in oligopoly models written by Koji Okuguchi and published by . This book was released on 1976 with total page 103 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Expectations and Stability in Oligopoly Models

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ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.:/5 (271 download)

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Book Synopsis Expectations and Stability in Oligopoly Models by : Brij M. Mitruka

Download or read book Expectations and Stability in Oligopoly Models written by Brij M. Mitruka and published by . This book was released on 1976 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Expectation and Stability in Oligopoly Models

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Publisher :
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.:/5 (859 download)

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Book Synopsis Expectation and Stability in Oligopoly Models by : Koji Okuguchi

Download or read book Expectation and Stability in Oligopoly Models written by Koji Okuguchi and published by . This book was released on 1976 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Theory of Oligopoly with Multi-Product Firms

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Publisher : Springer Science & Business Media
ISBN 13 : 3662026228
Total Pages : 177 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis The Theory of Oligopoly with Multi-Product Firms by : Koji Okuguchi

Download or read book The Theory of Oligopoly with Multi-Product Firms written by Koji Okuguchi and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book a rigorous, systematic, mathematical analysis is presented for oligopoly with multi-product firms in static as well as dynamic frameworks in the light of recent developments in theories of games, oligopoly and industrial organization. The general results derived in this book on oligopoly with multi-product firms contain, as special cases, all previous results on oligopoly with single product as well as oligopoly with product differentiation and single product firms. A constructive nu- merical method is given for finding the Cournot-Nash equilibrium, which may be extremely valuable to those who are interested in numerical analysis of the effects of various industrial policies. A sequential adjustment process is also formulated for finding the equilibrium. Dynamic adjustment processes have two versions, one with a discrete time scale and the other with a continuous time scale. The stability of the equilibrium is thoroughly investigated utilizing powerful mathematical results from the stability and linear algebra literature. The methodology developed for analyzing stability proves to be useful for dynamic analysis of economic models.

Oligopoly Dynamics

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Publisher : Springer Science & Business Media
ISBN 13 : 9783540431862
Total Pages : 326 pages
Book Rating : 4.4/5 (318 download)

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Book Synopsis Oligopoly Dynamics by : Irina Sushko

Download or read book Oligopoly Dynamics written by Irina Sushko and published by Springer Science & Business Media. This book was released on 2002-03-25 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has its focus on the dynamics of oligopoly games. Several contributions show how easily the unique Nash equilibria in some most traditional oligopoly models may lose stability, giving way to complex phenomena, such as periodic/chaotic processes, and to multi stability of coexistent attractors. The bifurcations producing these phenomena are studied by means of recently accumulated global methods, based on the use of critical curves. These tools are explained in a separate methodological chapter. The book also contains some historical background of the present theory. In this way the book becomes suitable also as an advanced text for industrial organisation courses. The various models presented in the book focus both classical Cournot types, and Hotelling`s "ice cream vendor" problems, including location choice. The author list comprises some of the most prolific contributors to current dynamic oligopoly modelling.

Nonlinear Oligopolies

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Publisher : Springer Science & Business Media
ISBN 13 : 3642021069
Total Pages : 340 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Nonlinear Oligopolies by : Gian Italo Bischi

Download or read book Nonlinear Oligopolies written by Gian Italo Bischi and published by Springer Science & Business Media. This book was released on 2009-12-01 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the latest trends, methods and results in nonlinear dynamics with a special focus on oligopolies. It contains a number of technical appendices that summarize techniques of global dynamics not easily accessible elsewhere.

Existence and Stability of Cournot Oligopoly Models Incorporating Product Differentiation

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ISBN 13 : 9780868394190
Total Pages : 15 pages
Book Rating : 4.3/5 (941 download)

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Book Synopsis Existence and Stability of Cournot Oligopoly Models Incorporating Product Differentiation by : Allen Maurice Russell

Download or read book Existence and Stability of Cournot Oligopoly Models Incorporating Product Differentiation written by Allen Maurice Russell and published by . This book was released on 1986 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Linear Dynamic Cournot Oligopoly Model with Adaptive Expectations

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Linear Dynamic Cournot Oligopoly Model with Adaptive Expectations by : Karol Szomolányi

Download or read book Linear Dynamic Cournot Oligopoly Model with Adaptive Expectations written by Karol Szomolányi and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cournot oligopoly equilibrium is in general dynamically not stable, if on the market act more than two oligopolies (duopolies). In the model it is presumed that oligopolies consider the production of the others to be constant in time. If we extend the model by assumption that oligopolies expect quantities of the others future production, the system is more stable. Such model is more realistic as oligopolies in reality have access to information helping them to better estimate future productions of the others. In the paper we provide an approach, how to deal with a linear Cournot oligopoly dynamic model augmented by adaptive expectations.

Stability Properties of Oligopoly Models

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ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (247 download)

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Book Synopsis Stability Properties of Oligopoly Models by : Anthony F. Shorrocks

Download or read book Stability Properties of Oligopoly Models written by Anthony F. Shorrocks and published by . This book was released on 1970 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Stability of the Cournot Oligopoly Model

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ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (118 download)

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Book Synopsis The Stability of the Cournot Oligopoly Model by : A. Al-Nowaihi

Download or read book The Stability of the Cournot Oligopoly Model written by A. Al-Nowaihi and published by . This book was released on 1982 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oligopoly Theory

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Publisher : CUP Archive
ISBN 13 : 9780521282444
Total Pages : 262 pages
Book Rating : 4.2/5 (824 download)

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Book Synopsis Oligopoly Theory by : James Friedman

Download or read book Oligopoly Theory written by James Friedman and published by CUP Archive. This book was released on 1983-09-30 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: James Friedman provides a thorough survey of oligopoly theory using numerical examples and careful verbal explanations to make the ideas clear and accessible. While the earlier ideas of Cournot, Hotelling, and Chamberlin are presented, the larger part of the book is devoted to the modern work on oligopoly that has resulted from the application of dynamic techniques and game theory to this area of economics. The book begins with static oligopoly theory. Cournot's model and its more recent elaborations are covered in the first substantive chapter. Then the Chamberlinian analysis of product differentiation, spatial competition, and characteristics space is set out. The subsequent chapters on modern work deal with reaction functions, advertising, oligopoly with capital, entry, and oligopoly using noncooperative game theory. A large bibliography is provided.

The Cournot oligopoly market

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ISBN 13 :
Total Pages : 404 pages
Book Rating : 4.:/5 (94 download)

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Book Synopsis The Cournot oligopoly market by : Montserrat Colldeforns

Download or read book The Cournot oligopoly market written by Montserrat Colldeforns and published by . This book was released on 1985 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Oligopoly and Conflict

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ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.:/5 (32 download)

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Book Synopsis Oligopoly and Conflict by : Michael Nicholson

Download or read book Oligopoly and Conflict written by Michael Nicholson and published by . This book was released on 1972 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Stability of the Cournot Oligopoly Solution

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Publisher :
ISBN 13 :
Total Pages : 7 pages
Book Rating : 4.:/5 (54 download)

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Book Synopsis Stability of the Cournot Oligopoly Solution by : John Anthony Rickard

Download or read book Stability of the Cournot Oligopoly Solution written by John Anthony Rickard and published by . This book was released on 1979 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Non-quasi-competitive Cournot Oligopoly with Stability

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ISBN 13 :
Total Pages : 18 pages
Book Rating : 4.:/5 (256 download)

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Book Synopsis A Non-quasi-competitive Cournot Oligopoly with Stability by : Ramon Villanova

Download or read book A Non-quasi-competitive Cournot Oligopoly with Stability written by Ramon Villanova and published by . This book was released on 1999 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Dynamic Stability of a Continuously Adjusting Cournot Oligopoly with a Production Lag

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ISBN 13 :
Total Pages : 6 pages
Book Rating : 4.:/5 (785 download)

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Book Synopsis The Dynamic Stability of a Continuously Adjusting Cournot Oligopoly with a Production Lag by : S. Peter Burley

Download or read book The Dynamic Stability of a Continuously Adjusting Cournot Oligopoly with a Production Lag written by S. Peter Burley and published by . This book was released on 1968 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: