Erschienen in:

1993 | OriginalPaper | Buchkapitel

Oligopolistic Competition; from Stability to Chaos

verfasst von : Sjur D. Flåm

Erschienen in: Nonlinear Dynamics in Economics and Social Sciences

Verlag: Springer Berlin Heidelberg

Enthalten in: Professional Book Archive

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This note deals with the classic Cournot (1838) model of oligopolistic competition, thoroughly reviewed in Tirole (1988). Under discussion is an industry composed of finitely many firms i ∈ I, all producing the same homogeneous good for one competitive market. Firm i furnishes the quantity q_i ≥ 0 at cost ci(qi ), thus obtaining the profit $${{\pi }_{i}} = p(Q){{q}_{i}} - {{c}_{i}}({{q}_{i}}).$$

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Oligopolistic Competition; from Stability to Chaos

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