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| Author: | Tanaka, Y. |
| Title: | Long run equilibria in an asymmetric oligopoly |
| Journal: | Economic Theory
1999 : VOL 14:3, p. 705-715 |
| Index terms: | EQUILIBRIUM ANALYSIS ECONOMETRICS OLIGOPOLY INDUSTRIES |
| Freeterms: | FINITE POPULATION EVOLUTIONARY STABLE STRATEGY |
| Language: | eng |
| Abstract: | This paper considers an oligopolistic industry composed of two groups of firms, the low cost and the cost firms, producing homogenous goods. The paper studies the finite population evolutionary stable strategy, and the long run equilibrium in the stochastic evolutionary dynamics based on imitation and experimentation of strategies by firms in each group. |
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