Implicit in the text-book monopoly is an assumption of complete and instantaneous information or knowledge available to … make an optimal decision of price and output to maximize its profit and realize it. As a result, the text-book monopoly … develop a dynamic monopoly model. In particular, we assume first that the monopolist has only partial information about the …

suppose that locally the monopoly firm uses a gradient mechanism and looks at how the rate of growth of the quantity affects … maximizes profits, as can be seen in the classic microeconomic theory. However, complex dynamics can arise. Research limitations …

monopoly and entry deterrence occurs at lower entry costs and incumbent profit is higher. With marginal costs of quality …, natural monopoly occurs at higher entry costs or not at all. Deterrence occurs at higher entry costs for mild perceptual …

suppose that locally the monopoly firm uses a gradient mechanism and looks at how the rate of growth of the quantity affects … maximizes profits, as can be seen in the classic microeconomic theory. However, complex dynamics can arise. Research limitations …

We present a model of dynamic monopoly pricing for a good that displays network effects. In contrast with the standard …

as suggested in consumer research. On this basis, we investigate monopoly and competition between firms, described via an …-loop system. We derive a Nash equilibrium and examine the influence of advertising. We show for the monopoly case that a reduction …. -- Bounded rationality ; social learning ; population game ; differential game ; product life cycle ; monopoly ; competition …