A Dynamic Analysis of Cournot Duopoly in Imperfectly Competitive Product and Factor Markets

Assuming identical firms, a linear market demand function and a single factor of production, labour, we analyse the existence and stability of a homogeneous Cournot duopoly facing imperfect competition in both product and factor markets. Under the assumption of a fairly general wage function we are able to demonstrate local stability of the unique equilibrium, and global stability under the assumption of a convex reaction function.

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Year of publication:	1995-03-01
Authors:	Chiarella, Carl ; Okuguchi, Koji
Institutions:	Finance Discipline Group, Business School

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	Published as: Chiarella, C. and Okuguchi, K., 1997, "A Dynamic Analysis of Cournot Duopoly in Imperfectly Competitive Product and Factor Markets", Keio Economic Studies, 34(1), 21-33. Number 43 15 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005102390