Two time delays are assumed in a boundedly rational monopoly. The characteristic equation is derived for the general case, and a complete stability analysis is conducted both analytically and numerically in two special cases. In the first case, wherein the continuously distributed time delays...

This paper discusses the delay dynamics of monopoly with discrete timescales. It is assumed that a monopoly has delayed and limited information on demand. It is also assumed that the firm wants to react to an average of past data instead of reacting to sudden market changes and this average is...

This paper aims to show that delay matters in continuous- and discrete-time framework. It constructs a simple dynamic model of a boundedly rational monopoly. First the existence of the unique equilibrium state is proved under general price and cost function forms. Conditions are derived for its...

<span>A neoclassical growth model is examined with a special mound-shaped production function. Continuous time scales are assumed and a complete steady state and stability analysis is presented. Fixed delay is then assumed and it is shown how the asymptotic stability of the steady state is lost if the...</span>

The effects of partially cooperating firms are examined in N-firm oligopolies. The Herfindahl-Hirschmann Index is assumed to detect the violation of the antitrust regulation by the firms, and based on this assumption a piece-wise differentiable dynamic system can be developed. The firms stop...

A general framework of partial cooperation and shareholding interlocks in oligopolies is first introduced, and then the best responses of the firms are determined. The monotonic dependence of the equilibrium industry output on the cooperation levels of the firms is proved. Conditions are given...

The main purpose of this paper is to consider effects caused by time delays on stability of continuous models when the dynamic system is piecewise differentiable. To this end, we construct a continuous version of the discrete Hicksian trade cycle model and introduce continuously distributed time...

The Herfindahl--Hirschman Index is one of the most commonly used indicators to detect anticompetitive behaviour in industries. In fact, an increase in the value of the index is usually interpreted as an indicator of actions which may lessen competition or even create a monopoly. In this article...