Use of Differential Equations in Firms Behavior in an Oligopoly Market

Th. Monovasilis (), Z. Kalogiratou (), N. Tsounis (), G. Bertsatos and S. Moustakli
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Th. Monovasilis: University of Western Macedonia
Z. Kalogiratou: University of Western Macedonia
N. Tsounis: University of Western Macedonia
G. Bertsatos: University of Western Macedonia
S. Moustakli: University of Western Macedonia

Chapter Chapter 41 in Advances in Cross-Section Data Methods in Applied Economic Research, 2020, pp 627-634 from Springer

Abstract: Abstract Computational biologyMonovasilis, Th. models of the Volterra–Lotka family, known as competingKalogiratou, Z. species models, are used for modeling an oligopoly market. More specifically, a duopoly market is considered. Equilibrium of theTsounis, N. two companies is derived under different assumptionsBertsatos, G. about sectoral demand and cost functions. More specifically, at first, linear demand functions areMoustakli, S. considered, and then two cases of isoelastic demand function are used.

Keywords: Differential equations; Oligopoly; C62; C63 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-38253-7_41

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DOI: 10.1007/978-3-030-38253-7_41

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