Anything goes with heterogeneous, but not with homogeneous oligopoly
AbstractCorchon and Mas-Colell (1996) showed that in heterogeneous (almost) everything is possible. Here it is shown that in order to obtain a similar result for homogeneous oligopoly, the reaction correspondences should fulfill a special condition.
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Bibliographic InfoPaper provided by Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance in its series CeNDEF Working Papers with number 07-12.
Date of creation: 2007
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- Debreu, Gerard, 1970. "Economies with a Finite Set of Equilibria," Econometrica, Econometric Society, vol. 38(3), pages 387-92, May.
- Corchón, Luis C. & Mas-Colell, A., .
"On the stability of best reply and gradient systems with application to imperfectly competitive models,"
Open Access publications from Universidad Carlos III de Madrid
info:hdl:10016/3812, Universidad Carlos III de Madrid.
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