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According to the existing empirical literature, the price and the exchanged quantity volatility observed in real-world markets may be explained in terms of the endogenous fluctuations generated by the presence of nonlinearities. We then replace with a sigmoid adaptive best response mechanism,...
Persistent link: https://www.econbiz.de/10014357543
The quantity-setting (Cournot) oligopoly with perfect complements is dual to the price-setting (Bertrand) oligopoly with homogeneous goods. Under mild technical conditions, the former setting has a unique (pure strategy) Nash equilibrium with null quantities
Persistent link: https://www.econbiz.de/10013305575
We extend the dynamic Cournot duopoly framework with emission charges on outputs by Mamada and Perrings (2020), which encompassed homogeneous products in its original formulation, to the more general case of differentiated goods, in order to highlight the richness in its static and dynamic...
Persistent link: https://www.econbiz.de/10013224140
We reconsider the dynamic Cournot duopoly framework with homogeneous goods by Mamada and Perrings (2020), in order to highlight the richness in its outcomes. In the model, each firm is taxed proportionally to its own emission only and charge functions are quadratic. While Mamada and Perrings...
Persistent link: https://www.econbiz.de/10013234982