A linear oligopoly model with adaptive expectations: Stability reconsidered (Q1101327)
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scientific article; zbMATH DE number 4047389
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A linear oligopoly model with adaptive expectations: Stability reconsidered |
scientific article; zbMATH DE number 4047389 |
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A linear oligopoly model with adaptive expectations: Stability reconsidered (English)
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1988
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The stability of the classical Cournot model is examined under adaptive expectations on the output of the rest of the industry. It is proven that the equilibrium is stable if and only if the speed of adjustment is less than \(4/(n+1)\), where \(n\) is the number of firms.
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linear oligopoly model
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stability
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Cournot model
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adaptive expectations
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speed of adjustment
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