Article ID Journal Published Year Pages File Type
5099190 Journal of Economic Dynamics and Control 2009 21 Pages PDF
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.
Related Topics
Physical Sciences and Engineering Mathematics Control and Optimization
Authors
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