The stability of the Cournot oligopoly model: a reassessment (Q1080347)
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scientific article; zbMATH DE number 3965772
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The stability of the Cournot oligopoly model: a reassessment |
scientific article; zbMATH DE number 3965772 |
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The stability of the Cournot oligopoly model: a reassessment (English)
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1985
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All the theorems in the paper proved are correct. The main achievement of this paper is that the authors improve and complete Hahn's results [see \textit{F. Hahn}, Rev. Econ. Stud. 29, 329-331 (1962)], and make the assumptions more compact. In particular they correct an error of Hahn. The proof in the appendix is correct, but tedious. Finally, there is a small misprint on page 319. The lower right-hand block matrix of matrix C should be the unit matrix.
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Cournot oligopoly model
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market structure
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continuous adjustment process
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sufficient conditions for instability
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local and global stability
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0.92995524
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0.9113231
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0.9076858
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0.89601696
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