OLIGOPOLY EQUILIBRIUM WITH CONSISTENT CONJECTURES

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概要

• 論文の詳細を見る

• We study a conjectural variations oligopoly model and establish the existence of Bresnahan-Perry consistent equilibrium in a general setting. We also consider an extended game in which firms may strategically change their conjectures on the slopes of rivals' reaction functions in equilibrium and show that Hahn's reasonableness condition in this game implies the consistency of conjectures in the original model. To prepare for these, we prove the existence of oligopoly equilibrium in which all firms make positive profits and study the directions of changes in equilibrium outputs and profits with respect to changes in conjectural variations parameters.

• 慶應義塾大学の論文

著者

• Kawamata Kunio

  Agricultural Economics The Kieo Economic Society Keio University

関連論文

• SOME COMMENTS ON "THE DETERMINATION OF DISTRIBUTIVE SHARES IN A TWO-SECTOR MODEL"
• OLIGOPOLY EQUILIBRIUM WITH CONSISTENT CONJECTURES
• SECOND BEST OPTIMUM IN THE PRESENCE OF MONOPOLY

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