Dynamic oligopoly: Models with incomplete information

DOI10.1016/0096-3003(90)90052-5MaRDI QIDQ804460zbMATH OpenOpenAlexFDO

Authors F. Szidarovszky, K. Okuguchi

Publication date 1990

Published in Applied Mathematics and Computation (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0096-3003(90)90052-5

zbMATH Keywords

adjustment rulesasymptotic stabilityincorrect informationlinear inverse demand functionoligopolyquadratic cost functions

Mathematics Subject Classification ID

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

Review text

The authors study an oligopoly with N firms with quadratic cost functions and a linear inverse demand function. The firms adjust their outputs from one period to the next according to certain rules (Cournot, adaptive, extrapolative expectations). These adjustment rules may be based on - partly - incorrect information about the parameters of the model (demand function or cost functions). Conditions are given under which such adjustment processes are asymptotically stable.

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Cites work

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• scientific article; zbMATH DE number 4185345 (Why is no real title available?)
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• The theory of oligopoly with multi-product firms

Cited in

(26)

• Limited knowledge of demand and oligopoly equilibria
• Oligopolies with contingent workforce and unemployment insurance systems
• On the controllability of discrete dynamic oligopolies under adaptive expectations
• scientific article; zbMATH DE number 2086189 (Why is no real title available?)
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• Nonlinear oligopolies. Stability and bifurcations
• On stable learning in dynamic oligopolies
• scientific article; zbMATH DE number 4167880 (Why is no real title available?)
• Learning the demand function in a repeated Cournot oligopoly game
• Cournot models: dynamics, uncertainty and learning
• scientific article; zbMATH DE number 13349 (Why is no real title available?)
• scientific article; zbMATH DE number 47943 (Why is no real title available?)
• scientific article; zbMATH DE number 566076 (Why is no real title available?)
• scientific article; zbMATH DE number 1528611 (Why is no real title available?)
• On the Works of Professor Koji Okuguchi
• Dynamic Oligopoly with Incomplete Information
• scientific article; zbMATH DE number 2173977 (Why is no real title available?)
• scientific article; zbMATH DE number 910825 (Why is no real title available?)
• Dynamic games with asymmetric information: a framework for empirical work
• Dynamic oligopolies with production adjustment costs
• On the stability of price-adjusting oligopolies with incomplete information
• Some notes on dynamic oligopsonies
• On dynamic oligopoly motivated by fuzzy concepts
• Convergence conditions for the dynamics of reflexive collective behavior in a Cournot oligopoly model under incomplete information
• Reflexive dynamics in the Cournot oligopoly under uncertainty
• Oligopoly games with nonlinear demand and cost functions: Two boundedly rational adjustment processes

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