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:	[2006]
Authors:	Chiarella, Carl
Other Persons:	Okuguchi, Kōji (contributor)
Publisher:	[2006]: [S.l.] : SSRN
Subject:	Duopol \| Duopoly \| Theorie \| Theory \| Unvollkommener Wettbewerb \| Imperfect competition \| Produktionsfunktion \| Production function \| Nachfrage \| Demand

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Extent:	1 Online-Ressource (20 p)
Series:	U. of Technology, Sydney Finance and Economics Working Paper ; No. 43
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 1995 erstellt
Other identifiers:	10.2139/ssrn.882581 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012734417