Consistent Conjectural Variations Equilibrium in the Semi-Mixed Oligopoly
نویسندگان
چکیده
منابع مشابه
Oligopoly and consistent conjectural variations
This article examines "consistent" conjectural variations in an oligopoly model with a homogeneous product. A conjectural variation is consistent if it is equivalent to the optimal response of the otherfirms at the equilibrium defined by that conjecture. When the number of firms is fixed, we find that competitive behavior is consistent when marginal costs are constant, but that when marginal co...
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a r t i c l e i n f o In this paper, we consider conjectural variations in a simple static general equilibrium model under oli-gopolistic competition. The modeling of conjectures captures the role played by beliefs in a micro-founded model. So, the economy may have three kinds of symmetric general equilibria. Furthermore, these equilibria can be Pareto-ranked by the conjectural variation parame...
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ژورنال
عنوان ژورنال: Mathematical Problems in Engineering
سال: 2021
ISSN: 1563-5147,1024-123X
DOI: 10.1155/2021/9997740