On the stability of price-adjusting oligopolies with incomplete information

被引:1
|
作者
Chiarella, C
Szidarovszky, F
机构
[1] Univ Technol Sydney, Sch Finance & Econ, Broadway, NSW 2007, Australia
[2] Univ Arizona, Dept Syst & Ind Engn, Tucson, AZ 85721 USA
关键词
price-adjusting; oligopolies; Bertrand oligopolies; stability;
D O I
10.1080/00207720500139716
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
A general linear price-adjusting scheme is examined in non-linear Bertrand oligopolies that contains the models of Negishi and Jin as special cases among others. The existence of a unique equilibrium of the dynamic process is first proved, and then under realistic conditions, the global asymptotic stability of the equilibrium is verified. Particular cases illustrate the general results.
引用
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页码:501 / 507
页数:7
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