Click for new scientific resources and news about Corona[COVID-19]

Paper Information

Journal:   SCIENTIA IRANICA   FEBRUARY 2008 , Volume 15 , Number 1; Page(s) 120 To 124.
 
Paper: 

DYNAMIC OLIGOPOLIES WITH PRODUCTION ADJUSTMENT COSTS

 
 
Author(s):  CHIARELLA C., SZIDAROVSZKY F.*
 
* DEPARTMENT OF SYSTEMS AND INDUSTRIAL ENGINEERING, UNIVERSITY OF ARIZONA, TUCSON, AZ85721-0020, USA
 
Abstract: 
Single-product oligopolies, without product differentiation, are examined under the assumption that any increase in production levels has additional cost to the firms. Therefore, the best response of each firm depends on the current output of the rest of the industry and on the previous output of the firm. Two dynamic models are introduced. In the first case, the firms form adaptive expectations on the output of the rest of the industry and select the best response output levels and, in the second case, it is assumed that they adjust their output levels adaptively. Conditions are derived in both cases for the asymptotic stability of the equilibrium.
 
Keyword(s): 
 
References: 
  • ندارد
 
  pdf-File tarjomyar Yearly Visit 90
 
Latest on Blog
Enter SID Blog