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.
Differential Oligopoly Games with Non-Linear Market Demand / Lambertini L.. - STAMPA. - (2008), pp. 263-264. (Intervento presentato al convegno International Conference on Differential Equations and Topology Dedicated to the Centennial of L.S. Pontryagin tenutosi a Università di stato Lomonosova, Mosca nel 17-22 giugno 2008).
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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
