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Dynamic oligopolies with intertemporal demand interaction

โœ Scribed by F. Szidarovszky; J. Zhao


Book ID
104007898
Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
630 KB
Volume
52
Category
Article
ISSN
0898-1221

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โœฆ Synopsis


Single-product oligopolies without product differentiation are examined under the additional assumption that there is inter temporal demand interaction over time in the market.Therefore the market price depends on the current total production of the industry and also on a cumulated effect of earlier demands of the market. The associated dynamic model will first be derived and then the asymptotical behavior of the equilibrium will be examined. (c) 2006 Elsevier Ltd. All rights reserved.


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