| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 10153751 | Mathematical Social Sciences | 2018 | 21 Pages |
Abstract
It is a widely known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly market with finite number of firms approaches the perfectly competitive Walrasian market outcome (Vega-Redondo, 1997). In this paper, we provide an alternative analysis of an asymmetric oligopoly market, which does not lead to marginal cost pricing and the competitive outcome in the long-run.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Wolfgang Leininger, Hamed Markazi Moghadam,