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Network Oligopolies with Multiple Markets

Author
Kapolyi, László

Full text
http://revistas.ufro.cl/ojs/index.php/cubo/article/view/1474
Abstract
Cournot oligopolies with multiple markets are examined when transportation costs from each manufacturer to all markets are also included into the profit functions. Under general and realistic conditions the equilibrium always exists, and based on the Kuhn-Tucker conditions a computer method is introduced to compute it. The dynamic extension of the model is also introduced with gradient adjustment, and the asymptotic stability of the equilibrium is examined. In the case of independent markets and linear price and cost functions the solution algorithm is simplified and the global asymptotic stability of the equilibrium is proved.
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Discipline
Artes, Arquitectura y UrbanismoCiencias Agrarias, Forestales y VeterinariasCiencias Exactas y NaturalesCiencias SocialesDerechoEconomía y AdministraciónFilosofía y HumanidadesIngenieríaMedicinaMultidisciplinarias
Institutions
Universidad de ChileUniversidad Católica de ChileUniversidad de Santiago de ChileUniversidad de ConcepciónUniversidad Austral de ChileUniversidad Católica de ValparaísoUniversidad del Bio BioUniversidad de ValparaísoUniversidad Católica del Nortemore

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