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Nonlinear dynamics in the Cournot modelwithout full information (1999)

Léonard, D. ; Nishimura, K.

Springer

Annals of operations research 89 (1999), S. 165-173

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ISSN: 1572-9338

Source: Springer Online Journal Archives 1860-2000

Topics: Mathematics , Economics

Notes: Abstract A Cournot model with an arbitrary nonlinear demand function and where firms do notobserve their rival's actions directly is shown to allow mistaken beliefs to persist. Thesealter the original equilibrium state and, in a range of beliefs, destroy its stability and createcycles. The dynamics of the Cournot model are therefore fundamentally affected.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1023/A:1018919522127

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