Duopoly and Oligopoly

Tönu Puu
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Tönu Puu: Umeå University, Centre for Regional Science

Chapter 7 in Attractors, Bifurcations, & Chaos, 2003, pp 261-306 from Springer

Abstract: Abstract As mentioned in Chapter 6, economics recognizes two opposite market forms: competition and monopoly. In the competitive case the firms are numerous and thus small in relation to the total size of the market. In consequence they consider market price as being approximately given independently of any action they can take on their own with regard to their supply.

Keywords: Marginal Cost; Bifurcation Diagram; Periodic Point; Reaction Function; Critical Line (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1007/978-3-540-24699-2_7

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