Profitability Analysis of Price-Taking Strategy in Disequilibrium
نویسندگان
چکیده
منابع مشابه
Profitability Analysis of Price-Taking Strategy in Disequilibrium
Conventional economic assumption that more sophistication in decision making is better than less is challenged with a profitability analysis conducted with an oligopolistic model consisting of a naive firm and a group of sophisticated firms. While the naive firm is assumed to adopt a simple Cobweb strategy by equating its marginal cost of current production to the last period’s price, the sophi...
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ژورنال
عنوان ژورنال: Discrete Dynamics in Nature and Society
سال: 2007
ISSN: 1026-0226,1607-887X
DOI: 10.1155/2007/12029