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We show the existence of Nash equilibria in a Bertrand oligopoly price competition game using a possibly asymmetric …
Persistent link: https://www.econbiz.de/10009218517
oligopoly markets. The robustness of the proposed simple Nash equilibrium model under the simultaneous constraints of allocation … firms in oligopoly markets is tested by changing profit and cost function parameters, as well as the initial production … facilitates the understanding of the robustness of attaining equilibrium in an oligopoly market. …
Persistent link: https://www.econbiz.de/10010870039
Pareto dominates the oligopoly one. As a consequence, economic efficiency is higher when market power is concentrated in one …
Persistent link: https://www.econbiz.de/10010666279
The present analysis applies continuous time replicator dynamics to the analysis of oligopoly markets. In the present … understanding the process of attaining equilibrium in an oligopoly market. …
Persistent link: https://www.econbiz.de/10010748499
is regarded as a noncooperative game, or as a Cournot oligopoly game, are investigated. The cases where such …
Persistent link: https://www.econbiz.de/10010600867
Persistent link: https://www.econbiz.de/10005001437
corresponding to a Nash equilibrium solution of the Cournot type model of oligopoly. …
Persistent link: https://www.econbiz.de/10005258095
Persistent link: https://www.econbiz.de/10002493304
A long-standing question in biology and economics is whether individual organisms evolve to behave as if they were striving to maximize some goal function. We here formalize the \as if" question in a patch-structured population in which individuals obtain material payoffs from (perhaps very...
Persistent link: https://www.econbiz.de/10011240607
A long-standing question in biology and economics is whether individual organisms evolve to behave as if they were striving to maximize some goal function. We here formalize the \as if" question in a patch-structured population in which individuals obtain material payoffs from (perhaps very...
Persistent link: https://www.econbiz.de/10011240626