A Note on the Stability Conditions in Cournot's Dynamic Market Solution when neither the actual Market Demand Function nor the Production Levels of Rivals are known.
The Cournot solution to oligopolistic market is based upon the implicit assumptions that each oligopolist has ready access to information about (i) the market demand function, (ii) the market price, and (iii) the level of output of his rival oligopolists. In this note it is shown that a stable Courn...
| Publicado en: | Review of Economic Studies Vol. 36; no. 1; pp. 117 - 123 |
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| Formato: | Artículo |
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Oxford University Press / USA
Jan69
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| Acceso en línea: | Ver este registro en EBSCOhost |