Dynamic analysis of oligopsony under adaptive expectations (Q2782158)
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scientific article; zbMATH DE number 1727703
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Dynamic analysis of oligopsony under adaptive expectations |
scientific article; zbMATH DE number 1727703 |
Statements
25 April 2002
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oligopsony
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oligopoly
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asymptotical stability
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adaptive expectation
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Dynamic analysis of oligopsony under adaptive expectations (English)
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Having their book ``The Theory of Oligopoly with Multi-Product Firms'', Springer-Verlag (1999; Zbl 0704.90001) as background, the authors analyze the global stability of an oligopsony equilibrium under certain conditions and interprete the found conditions for some special cases. Mathematically they get a matrix equation as state transition equation for a discrete dynamic system. So, in order to obtain conditions for asymptotic stability of the equilibrium of their system they must study the behaviour of the eigenvalues of the coefficient matrix of their system. They get results, that are useful for practical purposes.
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