Imitation Dynamic and Nash Equilibrium in Cournot Oligopoly with Capacities
نویسنده
چکیده
The paper considers an imitation dynamic in the context of Cournot oligopoly. The pure ”imitate-the-best” behavior can lead to an outcome inconsistent with Cournot-Nash equilibrium. The paper extends purely imitative behavior to imperfect imitation in the two-stage model with capacities and prices. This variation in the imitative behavior improves efficiency and makes the Cournot-Nash equilibrium a possible outcome of the dynamic imitation process.
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ورودعنوان ژورنال:
- IGTR
دوره 5 شماره
صفحات -
تاریخ انتشار 2003