标题:Local stability of the Cournot solution with increasing heterogeneous competitors
作者:Tramontana, Fabio; Elsadany, A. A.; Xin, Baogui; Agiza, H. N.
作者机构:[Tramontana, Fabio] Univ Pavia, Dept Econ & Management, I-27100 Pavia, PV, Italy.; [Elsadany, A. A.] Suez Canal Univ, Fac Comp & Informat, Dept Basi 更多
通讯作者:Tramontana, Fabio
通讯作者地址:[Tramontana, F]Univ Pavia, Dept Econ & Management, Via S Felice 5, I-27100 Pavia, PV, Italy.
来源:NONLINEAR ANALYSIS-REAL WORLD APPLICATIONS
出版年:2015
卷:26
页码:150-160
DOI:10.1016/j.nonrwa.2015.05.005
关键词:Cournot oligopoly; Nash equilibrium; Heterogeneous firms; Isoelastic; demand function
摘要:In this paper we try to solve a paradox related to the results of Theocharis (1960). When the number of competitors increases the Cournot-Nash equilibrium loses stability. We relax the assumption about homogeneity in the decision mechanism and show that if we admit heterogeneity than by increasing the number of competitors the stability region on the parameters' space may enlarge instead of shrinking. (C) 2015 Elsevier Ltd. All rights reserved.
收录类别:EI;SCIE
WOS核心被引频次:13
资源类型:期刊论文
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