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This book has its focus on the dynamics of oligopoly games. Several contributions show how easily the unique Nash equilibria in some most traditional oligopoly models may lose stability, giving way to complex phenomena, such as periodic/chaotic processes, and to multi stability of coexistent...
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The book studies nonlinear economic dynamics. Formation of spatial patterns, population dynamics in space and time, and spatial waves of business cycles are discussed. The main part dwells on business cycle theory, using a multiplier-accelerator model in a spatial setting with interregional...
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