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.
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:
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:
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:
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.
Download or read book Oligopoly Dynamics written by Irina Sushko and published by Springer Science & Business Media. This book was released on 2013-03-19 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: These proceedings are from a conference held at the Centre for Regional Science (CERUM) at Umea Umeâ University, Sweden, 17-18 June 2001. Unlike Un1ike many conference proceedings, this volume contains only on1y invited invited contribu contribu tions tions on specified topics so as to make the book coherent and self-contained. The authors and editors hope that this coherence will make the volume use fu1 fuI also as a text for courses in industrial organisation. To this end two chap ters on the history of oligopoly theory, from the beginnings with Cournot 1838, to the present day, and one chapter on modem methods for analysing iterated discrete time maps, have been inserted at the beginning ofthe book. Unlike Un1ike most current literature on games and oligopoly, this book is not focused on the usual topics of game theory: optimal strategies, dominance, and equilibrium. Rather it is the evolutionary dynamics, often of a complex type, inc1uding deterministic chaos, which are in focus. The contributions, after the historical and the methodological introductions, represent various segments of the research frontier in this area, though pains have been taken to tie some of the models to a number of most promising contributions from the frugal period 1929-1941, which have suffered from unjust neglect in the following industrial organisation literature.
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.
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:
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.
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:
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:
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.
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:
Download or read book Cournot Oligopoly written by Andrew F. Daughety and published by Cambridge University Press. This book was released on 1988 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the properties and uses of Cournot's model of competition among the few.
Download or read book Oligopoly written by Tönu Puu and published by Springer Science & Business Media. This book was released on 2010-11-22 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses classical oligopoly theory as developed in 1840-1940. By the end of this period oligopoly came under the spell of game theory in its probabilistic equilibrium format. Work by Cournot, von Stackelberg, Palander, and Hotelling, causal and dynamic in essence, but ignored, is reconsidered in the light of modern dynamics using topology and numerics. As particular features, von Stackelberg leadership is included in the dynamic Cournot model, the Hotelling problem is solved with elastic demand, thus skipping the absurd idea of quadratic transportation costs. Further, it is shown that the celebrated destabilisation of Cournot equilibrium under increased competition is due to mistakenly assuming constant returns, and that the whole idea of rational expectations is untenable in dynamic oligopoly. Early original ideas in oligopoly theory, such as coexistence and multiplicity of attractors are focused again after many undeserved decades of oblivion.
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:
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:
