A DYNAMIC ANALYSIS OF COURNOT DUOPOLY IN IMPERFECTLY COMPETITIVE PRODUCT AND FACTOR MARKETS

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概要

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• Assuming identical firms, a linear market demand function and a single factor of production, labour, we analyse the existence and stability of a homogeneous Cournot duopoly facing imperfect competition in both product and factor markets. We establish the possibility of antisymmetric equilibria separated by a unique symmetric equilibrium. Under certain assumptions on the wage function we are able to demonstrate local stability of the unique symmetric equilibrium, and its global stability under the assumption of a convex reaction function.

• 慶應義塾大学の論文

著者

• Chiarella Carl

  School of Finance and Economics,University of Technology,Sydney,Australia

• Okuguchi Koji

  Faculty Of Economics Nanzan University

• Chiarella Carl

  School Of Finance And Economics University Of Technology

関連論文

• Dynamic Oligopolies with Pollution Treament Cost Sharing
• A DYNAMIC ANALYSIS OF COURNOT DUOPOLY IN IMPERFECTLY COMPETITIVE PRODUCT AND FACTOR MARKETS

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