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" Dynamic oligopolies with time delays / "
Akio Matsumoto, Ferenc Szidarovszky.
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BL
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| Record Number
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890007
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| Main Entry
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Matsumoto, Akio
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| Title & Author
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Dynamic oligopolies with time delays /\ Akio Matsumoto, Ferenc Szidarovszky.
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| Publication Statement
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Singapore :: Springer,, [2018]
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| Page. NO
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1 online resource (viii, 266 pages)
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| ISBN
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9789811317866
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: 9811317860
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9789811317859
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9811317852
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| Bibliographies/Indexes
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Includes bibliographical references and index.
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| Contents
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Introduction -- Dynamic monopolies -- Dynamic duopolies -- Dynamic oligopolies -- Learning in monopolies and oligopolies -- Oligopolies with partial cooperation.
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| Abstract
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This is the first book to comprehensively examine the asymptotic behavior of dynamic monopolies, duopolies, and oligopolies where firms face information and implementation delays. It considers discrete and continuous timescales, continuously distributed delays, as well as single and multiple delays. It also discusses models with linear and hyperbolic price functions in three types of oligopolies: Cournot competition with quantity-adjusting firms, Bertrand competition with price-adjusting firms, and mixed oligopolies with both types of firms. In addition to the traditional Cournot-Nash equilibria, it introduces cases of partial cooperation are also introduced, leading to the analysis of cartelizing groups of firms and possible governmental actions against antitrust behavior. Further, the book investigates special processes for firms learning about the uncertain price function based on repeated market information. It addresses asymptotic properties of the associated dynamic systems, derives stability conditions, identifies stability switching curves, and presents in global analyses of cases of instability. The book includes both theoretical results and computer studies to illustrate and verify the theoretical findings.--
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| Subject
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Game theory.
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Game theory.
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MATHEMATICS-- Applied.
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MATHEMATICS-- Probability Statistics-- General.
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| Dewey Classification
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519.3
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| LC Classification
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HB144
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| Added Entry
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Szidarovszky, Ferenc
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