Anything goes with heterogeneous, but not always with homogeneous oligopoly

Dave Furth

Journal of Economic Dynamics and Control, 2009, vol. 33, issue 1, 183-203

Abstract: Corchón and Mas-Colell [1996. On the stability of best reply and gradient systems with applications to imperfectly competitive models. Economics Letters 51, 59-65] showed that in heterogeneous oligopoly (almost) everything is possible. In order to obtain a similar result for homogeneous oligopoly, either one needs an externality in the cost function, or the reaction correspondences should fulfill a special condition.

Keywords: Cournot; oligopoly; (In)Stability; (Limit)Cycles; Morse; theory (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (4)

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