Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5099190 | Journal of Economic Dynamics and Control | 2009 | 21 Pages |
Abstract
Corchón and Mas-Colell [1996. On the stability of best reply and gradient systems with applications to imperfectly competitive models. Economics Letters 51, 59-65] showed that in heterogeneous oligopoly (almost) everything is possible. In order to obtain a similar result for homogeneous oligopoly, either one needs an externality in the cost function, or the reaction correspondences should fulfill a special condition.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Control and Optimization
Authors
Dave Furth,