Anything goes with heterogeneous, but not always with homogeneous oligopoly
| Authors | |
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| Publication date | 2009 |
| Journal | Journal of Economic Dynamics & Control |
| Volume | Issue number | 33 | 1 |
| Pages (from-to) | 183-203 |
| Number of pages | 21 |
| Organisations |
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| 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 JEL classification codes: D43; C62 |
| Document type | Article |
| Published at | https://doi.org/10.1016/j.jedc.2008.04.012 |
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