Should sophisticated expectations facilitate reaching equilibrium behavior?

DOI10.1016/j.orl.2016.09.015zbMath1408.91152OpenAlexW2529261947MaRDI QIDQ1709975

Weijun Zhong, Xing Gao, 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)

Related Items (1)

Does local monopolistic approximation imply a less stable equilibrium?

Cites Work

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

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