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A Multiobjective Model of Oligopolies under Uncertainty

dc.creatorChiarella, Carl
dc.creatorSzidarovszky, Ferenc
dc.date2009-05-01
dc.date.accessioned2019-05-03T12:36:39Z
dc.date.available2019-05-03T12:36:39Z
dc.identifierhttp://revistas.ufro.cl/ojs/index.php/cubo/article/view/1473
dc.identifier.urihttp://revistaschilenas.uchile.cl/handle/2250/84204
dc.descriptionIt is assumed that in an n-firm single-product oligopoly without product differentiation the firms face an uncertain price function, which is considered random by the firms. At each time period each firm simultaneously maximizes its expected profit and minimizes the variance of the profit since it wants to receive as high as possible profit with the least possible uncertainty. It is assumed that the best response of each firm is obtained by the weighting method. We show the existence of a unique equilibrium, and investigate the local stability of the equilibrium.en-US
dc.formatapplication/pdf
dc.languageeng
dc.publisherUniversidad de La Frontera. Temuco, Chile.en-US
dc.relationhttp://revistas.ufro.cl/ojs/index.php/cubo/article/view/1473/1327
dc.sourceCUBO, A Mathematical Journal; Vol. 11 Núm. 2 (2009): CUBO, A Mathematical Journal; 107–115es-ES
dc.sourceCUBO, A Mathematical Journal; Vol 11 No 2 (2009): CUBO, A Mathematical Journal; 107–115en-US
dc.source0719-0646
dc.source0716-7776
dc.titleA Multiobjective Model of Oligopolies under Uncertaintyen-US
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion


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