OPEN-LOOP AND FEEDBACK MODELS OF DYNAMIC OLIGOPOLY

被引:11
作者
KARP, LS [1 ]
PERLOFF, JM [1 ]
机构
[1] UNIV CALIF BERKELEY,DEPT AGR & RESOURCE ECON,BERKELEY,CA 94720
关键词
D O I
10.1016/0167-7187(93)90015-5
中图分类号
F [经济];
学科分类号
02 ;
摘要
A simple method of estimating the degree of oligopoly power in dynamic markets using either open-loop or feedback (subgame perfect) strategies is developed. New theoretical results are presented for families of oligopoly models. Differences between discrete-time and continuous-time models and open-loop and feedback models are demonstrated. The effects of increasing the number of firms or adjustment costs are examined.
引用
收藏
页码:369 / 389
页数:21
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