Expectations and Stability in Oligopoly Models
Ever since A.C.Cournot(1838), economists have been increasingly interested in oligopoly, a state of industry where firms producing homogeneous goods or close substitutes are limited in number. The fewness of firms in oligopoly gives rise to interdependence which they have to take into account in cho...
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| Format: | eBook |
| Language: | English |
| Published: |
Berlin, Heidelberg
Springer Berlin Heidelberg
1976, 1976
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| Edition: | 1st ed. 1976 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 1. Existence and Stability of the Cournot Oligopoly Solution (Or Equilibrium)
- 1.1. No Product Differentiation
- 1.2. Product Differentiation
- 1.3. Mathematical Appendix
- 2. Uniqueness of the Cournot Oligopoly Solution
- 3. Entry in the Cournot Model: Quasi-Competitiveness VS Perfect Competition
- 3.1. Introductory Remarks
- 3.2. Quasi-Competitiveness
- 3.3. Convergence to Perfect Competition
- 4. Revenue Maximizing Duopoly
- 4.1. Introduction
- 4.2. Stability Analysis
- 5. Stackelberg Duopoly Models Reconsidered
- 5.1. A Leader-Follower Model
- 5.2. Resolution of Stackelberg Disequilibrium in a Leader-Leader Model
- 6. Extrapolative Expectations and Stability of Oligopoly Equilibrium
- 6.1. Introduction
- 6.2. Stability under No Product Differentiation
- 6.3. Product Differentiation and Stability
- 7. Adaptive Expectations and Stability of Oligopoly Equilibrium
- 7.1. No Product Differentiation
- 7.2. Product Differentiation
- 7.3. Mathematical Appendix
- 8. Unknown Demand Function and Stability
- 8.1. Introduction
- 8.2. The Cournot Model with Unknown Market Demand Function
- 8.3. Adaptive Expectations and Unknown Demand Function
- 9. Probability Models
- 9.1. Probability Models with No Bayesian Learning
- 9.2. Bayesian Learning in Duopoly Models
- References