A linear oligopoly model with adaptive expectations: Stability reconsidered
type: Item
instance of: scholarly article
title: A linear oligopoly model with adaptive expectations: Stability reconsidered
zbMATH Open document ID: 0642.90021
DOI: 10.1007/BF01226990
author: F. Szidarovszky
author: K. Okuguchi
published in: Journal of Economics
publication date: 1988-01-01T00:00:00Z
review text: 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.
reviewed by: F. Szidarovszky
Mathematics Subject Classification ID: 91B24
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91A40
Mathematics Subject Classification ID: 91A10
zbMATH DE Number: 4047389
zbMATH Keywords: linear oligopoly model
zbMATH Keywords: stability
zbMATH Keywords: Cournot model
zbMATH Keywords: adaptive expectations
zbMATH Keywords: speed of adjustment
MaRDI profile type: Publication
cites work: Expectations and stability in oligopoly models
description: scientific article; zbMATH DE number 4047389