haku: @author Flam, S. D. / yhteensä: 3
viite: 1 / 3
« edellinen | seuraava »
| Tekijä: | Flam, S. D. Ben-Israel, A. |
| Otsikko: | A continous approach to oligopolistic market equilibrium. |
| Lehti: | Operations Research
1990 : NOV-DEC, VOL. 38:6, p. 1045-1051 |
| Asiasana: | OLIGOPOLY EQUILIBRIUM THEORY GAME THEORY NONLINEAR PROGRAMMING |
| Kieli: | eng |
| Tiivistelmä: | An algorithm for computing Cournot-Nash equilibria in a market that involves finitely many producers is presented. The algorithm amounts to following a certain dynamic system all the way to its steady state, which happens to be a noncooperative equilibrium. The dynamics arise quite naturally as follows. Let each producer continuously adjust the planned production, if desired, as a response to the current aggregate supply. In doing so, the producer is completely guided by myopic profit considerations. It is shown, under broad hypothesis that this adjustment process is globally, asymptotically convergent to a Nash equilibrium. |
« edellinen | seuraava »
SCIMA