文章基本信息

标题：Global Stability Analysis of a Special Learning Process in Dynamic Oligopolies
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作者：Ferenc Szidarovszky
期刊名称：Journal of Economic Research
印刷版ISSN：1226-4261
出版年度：2004
卷号：9
期号：2
出版社：Hanyang Economic Research Institute
摘要：A special dynamic learning process in n-person single-product oligopolies is examined with linear price and cost functions. It is assumed that all firms know the slope of the price function but are uncertain in its exact form. At each time period the firms compute their believed optimal production levels and the corresponding equilibrium prices and compare them to the actual price they receive from the market. Based on the discrepancy they adjust their assessment of the price function, which results in a dynamicprocess. The asymptotical properties are examined with continuous and discrete time scales, and in the presence of continuously distributed time lags in obtaining and implementing market price information.
关键词：Dynamic oligopolies; Stability; Learning