Dynamic oligopoly with partial cooperation and antitrust threshold

Resource dynamics under partial cooperation in an oligopoly

In this paper we combine oligopoly theory and fishery dynamics to study the effects of imperfect competition and cooperation among the players on the long run evolution of a living resource. A fish population has the capacity for reproduction and growth over time. It might be diminished, however, by the harvesting activities of a sole owner or several individuals. Hence, answers to questions li...

Dynamic Oligopoly with Network Effects*

We analyze oligopolistic competition in a multi-period dynamic setting for goods with network effects. Two or more infinitely-lived firms produce incompatible products differentiated in their inherent quality. Consumers live for a single period and receive the network effect of the previous period’s sales. We show existence and characterize Markov perfect equilibria that are unique given market...

Oligopoly: Static and Dynamic Analysis

Dynamic Bertrand Oligopoly

We study continuous time Bertrand oligopolies in which a small number of firms producing similar goods compete with one another by setting prices. We first analyze a static version of this game in order to better understand the strategies played in the dynamic setting. Within the static game, we characterize the Nash equilibrium when there are N players with heterogeneous costs. In the dynamic ...

Oligopoly with Capacity Constraints and Thresholds

    Abstract   Extended Oligopoly models will be introduced and examined in which the firms might face capacity limits, thresholds for minimal and maximal moves, and antitrust thresholds in the case of partial cooperation. Similar situation occurs when there is an additional cost of output adjustment, which is discontinuous at zero due to set-up costs. In these cases the payoff functions of the...