A dynamic approach is proposed for the analysis of the Cournot oligopoly game with hyperbolic demand, showing that the adoption of capital accumulation dynamics either à la Solow (1956)-Swan (1956) or à la Ramsey (1956) eliminate the indeterminacy problem characterising the static model when marginal costs are nil.
Lambertini L. (2008). Differential Oligopoly Games with Non-Linear Market Demand. MOSCA : Russian Academy of Sciences.
Differential Oligopoly Games with Non-Linear Market Demand
LAMBERTINI, LUCA
2008
Abstract
A dynamic approach is proposed for the analysis of the Cournot oligopoly game with hyperbolic demand, showing that the adoption of capital accumulation dynamics either à la Solow (1956)-Swan (1956) or à la Ramsey (1956) eliminate the indeterminacy problem characterising the static model when marginal costs are nil.File in questo prodotto:
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