Dynamic oligopoly: Models with incomplete information
type: Item
instance of: scholarly article
title: Dynamic oligopoly: Models with incomplete information
zbMATH Open document ID: 0727.90018
DOI: 10.1016/0096-3003(90)90052-5
author: F. Szidarovszky
author: K. Okuguchi
published in: Applied Mathematics and Computation
publication date: 1990-01-01T00:00:00Z
review text: The authors study an oligopoly with N firms with quadratic cost functions and a linear inverse demand function. The firms adjust their outputs from one period to the next according to certain rules (Cournot, adaptive, extrapolative expectations). These adjustment rules may be based on - partly - incorrect information about the parameters of the model (demand function or cost functions). Conditions are given under which such adjustment processes are asymptotically stable.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B24
zbMATH DE Number: 4201989
zbMATH Keywords: asymptotic stability
zbMATH Keywords: oligopoly
zbMATH Keywords: quadratic cost functions
zbMATH Keywords: linear inverse demand function
zbMATH Keywords: adjustment rules
zbMATH Keywords: incorrect information
reviewed by: Manfred Nermuth
MaRDI profile type: Publication
full work available at URL: 0096-3003(90)90052-5
OpenAlex ID: W2015357906
cites work: Q5619190
cites work: Expectations and stability in oligopoly models
cites work: The theory of oligopoly with multi-product firms
cites work: Q5750676
cites work: Principles and procedures of numerical analysis
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description: scientific article; zbMATH DE number 4201989