Should sophisticated expectations facilitate reaching equilibrium behavior?

DOI10.1016/J.ORL.2016.09.015MaRDI QIDQ1709975zbMATH OpenOpenAlexFDO

Authors Xing Gao, Weijun Zhong, Chao Huang

Publication date 15 January 2019

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.orl.2016.09.015

zbMATH Keywords

Cournot oligopolyequilibrium behaviorextrapolative expectationsbest-reply dynamic

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Economic dynamics (91B55)

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Cites work

• A Note on Expectations and Stability
• A dynamic model of a boundedly rational consumer with a simple least squared learning mechanism
• A linear oligopoly model with adaptive expectations: Stability reconsidered
• Best response dynamics with level-\(n\) expectations in two-stage games
• Complex dynamic properties of Cournot duopoly games with convex and log-concave demand function
• Cournot games with linear regression expectations in oligopolistic markets
• Dynamic fictitious play, dynamic gradient play, and distributed convergence to Nash equilibria
• Dynamical analysis of a delayed monopoly game with a log-concave demand function
• Is a unique Cournot equilibrium locally stable?
• Nonlinear Cournot oligopoly games with isoelastic demand function: the effects of different behavior rules
• On local stability of Cournot models with simultaneous and sequential decisions
• Stability of a Cournot-Nash equilibrium: The multiproduct case
• The stability of a Cournot oligopoly: the effects of adaptive expectations

Cited in

(4)

• Best response dynamics with level-\(n\) expectations in two-stage games
• scientific article; zbMATH DE number 4185349 (Why is no real title available?)
• Equilibrium selection of a homogenous duopoly with extrapolative foresight
• Does local monopolistic approximation imply a less stable equilibrium?

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