On Adjustment Costs and the Stability of Equilibria

DOI10.2307/2297733zbMath0573.90010OpenAlexW2255465469MaRDI QIDQ3691363

W. Bentley MacLeod

Publication date: 1985

Published in: The Review of Economic Studies (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2297733

zbMATH Keywords

stability of equilibriaoligopoly theorydisequilibrium dynamicsexistence of adjustment costslocal game theoryn-person normal form games

Mathematics Subject Classification ID

Cooperative games (91A12) Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Related Items (7)

DYNAMIC COOPERATIVE GAMES ⋮ Dynamic Oligopoly Models with Production Adjustment and Investment Costs ⋮ Oligopolies with contingent workforce and unemployment insurance systems ⋮ Dynamic oligopolies with contingent workforce and investment costs ⋮ A model of strategic behaviour in repeated games ⋮ Dynamic duopoly with adjustment costs: A differential game approach ⋮ Cournot oligopoly when the competitors operate under capital constraints

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