Stability of equilibrium in a nonlinear Cournot oligopoly with five firms

التفاصيل البيبلوغرافية
العنوان: Stability of equilibrium in a nonlinear Cournot oligopoly with five firms
المؤلفون: Adyda Binti Ibrahim
المصدر: AIP Conference Proceedings.
بيانات النشر: AIP Publishing LLC, 2014.
سنة النشر: 2014
مصطلحات موضوعية: Bertrand paradox (economics), Oligopoly, Microeconomics, Nonlinear system, N dimensional, Homogeneous, Demand curve, Partial equilibrium, Economics, Cournot competition, Mathematical economics
الوصف: This paper considers an n firms oligopoly model with isoelastic demand function and linear cost function. The reaction functions of these firms are determined from these functions, and a dynamical system with naive adaptive process is produced. The equilibrium of this n dimensional system is obtained. In the case of homogeneous firms, the equilibrium becomes unstable when the number of firms is five. By introducing heterogeneity into the five firms' model, the equilibrium becomes stable and there is a path connecting the stable and unstable equilibrium.
تدمد: 0094-243X
الوصول الحر: https://explore.openaire.eu/search/publication?articleId=doi_________::fafbbb1534e86e70378437b18ef88fb2Test
https://doi.org/10.1063/1.4887750Test
رقم الانضمام: edsair.doi...........fafbbb1534e86e70378437b18ef88fb2
قاعدة البيانات: OpenAIRE