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Losses from competition in a dynamic game model of a renewable resource oligopoly

✍ Scribed by Kenji Fujiwara


Book ID
116859890
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
164 KB
Volume
33
Category
Article
ISSN
0928-7655

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Static oligopoly analysis predicts that if a single ΓΏrm in Cournot equilibrium were to be forced to marginally contract its production, its proΓΏts would fall. On the other hand, if all the ΓΏrms were simultaneously forced to reduce their production, thus moving the industry towards monopoly output, e