The stability of the Cournot oligopoly model: a reassessment

DOI10.1016/0022-0531(85)90046-8zbMath0598.90019OpenAlexW2041706253MaRDI QIDQ1080347

P. L. Levine, Ali al-Nowaihi

Publication date: 1985

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(85)90046-8

zbMATH Keywords

market structurelocal and global stabilityCournot oligopoly modelcontinuous adjustment processsufficient conditions for instability

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economic growth models (91B62)

Related Items (30)

On the relationship between uniqueness and stability in sum-aggregative, symmetric and general differentiable games ⋮ Stability and instability in oligopoly ⋮ Global stability of unique Nash equilibrium in Cournot oligopoly and rent-seeking game ⋮ P-matrices: an equivalent characterization ⋮ Dynamics of the Cournot oligopoly with multi-product firms ⋮ Stability of a Cournot-Nash equilibrium: The multiproduct case ⋮ Conjectures, learning, and equilibria in monopolistic competition ⋮ A dynamic Stackelberg model with production-adjustment costs ⋮ GLOBAL STABILITY OF NASH EQUILIBRIUM IN AGGREGATIVE GAMES ⋮ On the convergence to the Cournot equilibrium in a productive asset oligopoly ⋮ On the private provision of public goods on networks ⋮ Characterizing stability properties in games with strategic substitutes ⋮ Nonlinear Cournot oligopoly games with isoelastic demand function: the effects of different behavior rules ⋮ Cournot equilibrium revisited ⋮ On local stability of Cournot models with simultaneous and sequential decisions ⋮ On the stability of quadratic dynamics in discrete time \(n\)-player Cournot games ⋮ Evolutionary competition between adjustment processes in Cournot oligopoly: instability and complex dynamics ⋮ Iterative computation of Cournot equilibrium ⋮ Existence of Unique Equilibrium in Cournot Mixed Oligopoly ⋮ STABILITY OF EQUILIBRIUM IN BERTRAND AND COURNOT DUOPOLIES ⋮ Stability in games with continua of equilibria ⋮ Better-reply dynamics and global convergence to Nash equilibrium in aggregative games ⋮ Cournot duopoly when the competitors operate multiple production plants ⋮ On the dominance solvability of large Cournot games ⋮ Export subsidy and antitrust policies in oligopoly with and without threat of entry ⋮ Technical Note—Global Robust Stability in a General Price and Assortment Competition Model ⋮ Is a unique Cournot equilibrium locally stable? ⋮ A curvature condition ensuring uniqueness of Cournot equilibrium, with applications to comparative statics ⋮ Calmness of a perturbed Cournot Oligopoly Game with nonsmooth cost functions ⋮ An analysis of the complex dynamic behaviour of nonlinear oligopoly models with time delays.

Cites Work

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• The stability of Cournot revisited
• Contributions to Cournot oligopoly theory
• Expectations and stability in oligopoly models
• On the Foundations of the Theory of Monopolistic Competition
• A Note on the Stability Conditions in Cournot's Dynamic Market Solution When Neither the Actual Market Demand Function Nor the Production Levels of Rivals are Known
• On the Existence of Cournot Equilibrium

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