On the stability of price-adjusting oligopolies with incomplete information

International Journal of Systems Science

Volumn 36, Issue 8, 2005, Pages 501-507

  Chiarella, Carl ^a,d   Szidarovszky, Ferenc ^b,c  

^a UNIVERSITY OF TECHNOLOGY SYDNEY   (Australia)

^b University of Arizona   (United States)

^c EÖTVÖS LORÁND UNIVERSITY   (Hungary)

^d UNIVERSITY OF NEW SOUTH WALES   (Australia)

Author keywords

Bertrand oligopolies; Oligopolies; Price adjusting; Stability

Indexed keywords

OLIGOPOLIES; PRICE-ADJUSTING;

ASYMPTOTIC STABILITY; MATHEMATICAL MODELS;

NONLINEAR SYSTEMS;

EID: 27944481267     PISSN: 00207721     EISSN: 14645319     Source Type: Journal    
DOI: 10.1080/00207720500139716     Document Type: Article

References (13)

1. C. Chiarella, F. Szidarovszky and P. Zhu, "The interaction of uncertainty and information lags in the Cournot Oligopoly model", in On Oligopoly Dynamics: Models & Tools, T. Puu and I. Sushko, Eds, Berlin: Springer, 2001, pp. 233-261.
2. A. Cournot, Recherches sur les Principes Mathématiques de la Théorie des Richesses, Paris: Hachette, 1838 (English translation, 1960, Researches into the Mathematical Principles of the Theory of Wealth, New York: Kelley).
3. F.M. Fisher, "The stability of the Cournot oligopoly solution: the effect of speeds of adjustments and increasing marginal costs". Rev. Econ. Stud., 28, pp. 125-135, 1961.
4. J.Y. Jin, "Monopolistic competition and bounded rationality", J. Econ. Behav. Org., 45, pp. 174-184, 2001.
5. D. Leonard and K. Nishimura, "Nonlinear dynamics in the Cournot model without full information", Ann. Operat. Res., 89, pp. 165-173, 1999.
6. P. Milgrom and J. Roberts, "Rationalizability, learning, and equilibrium in games with strategic complementarities", Econometrica, 58, pp. 1255-1277, 1990.
7. T. Negishi, "Monopolistic competition and general equilibrium", Rev. Econ. Stud., 28, pp. 196-201, 1961.
8. K. Okuguchi, "The stability of price-adjusting oligopoly: the effects of adaptive expectations", South. Econ. J., 34, pp. 34-36, 1968.
9. K. Okuguchi, "On the stability of price-adjusting oligopoly equilibrium under product differentiation", South. Econ. J., 35, pp. 244-246, 1969.
10. K. Okuguchi, Expectations and Stability in Oligopoly Models, Berlin: Springer, 1976.
11. K. Okuguchi and F. Szidarovszky, The Theory of Oligopoly with Multi-Product Firms (2nd ed.), Berlin: Springer, 1999.
12. R.E. Quandt, "On the stability of price-adjusting oligopoly", South. Econ. J., 33, pp. 332-336, 1967.
13. R.D. Theocharis, "On the stability of the Cournot solution on the oligopoly problem". Rev. Econ. Stud., 27, pp. 133-134, 1959.