All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Masahiko Hattori and Yasuhito Tanaka
 
''General analysis of dynamic oligopoly with sticky price''
( 2019, Vol. 39 No.4 )
 
 
We present a differential game analysis of an oligopoly with sticky price under general demand and cost functions. We show that the output of each firm at the steady state of the open-loop dynamic oligopoly is generally larger than the output of each firm at the equilibrium of the static oligopoly, and the output of each firm at the steady state of the memoryless closed-loop dynamic oligopoly is generally larger than that at the steady state of the open-loop dynamic oligopoly. We also present an analysis of the feedback dynamic oligopoly.
 
 
Keywords: dynamic oligopoly, general demand function, general cost function, ; open-loop, closed-loop, feedback
JEL: D4 - Market Structure and Pricing: General
C7 - Game Theory and Bargaining Theory:General
 
Manuscript Received : Jun 16 2019 Manuscript Accepted : Dec 24 2019

  This abstract has been downloaded 45 times                The Full PDF of this paper has been downloaded 106181 times