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A Note on the Dynamic Study of an OG Model with Competition à la Cournot

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Author Info
Laurence Lasselle
Serge Svizzero

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Abstract

In an OG model with competition à la Cournot, we show the existence of a stable 2-cylcle (in prices and employment levels) in the forward dynamics with learning.

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Publisher Info
Paper provided by Centre for Research into Industry, Enterprise, Finance and the Firm in its series CRIEFF Discussion Papers with number 9824.

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Date of creation: Oct 1998
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Handle: RePEc:san:crieff:9824

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Postal: School of Economics and Finance, University of St. Andrews, Fife KY16 9AL
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Related research
Keywords: Underemployment fluctuations; learning process; stability; price elasticity;

Find related papers by JEL classification:
D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lasselle, L. & Svizzero, S., 1996. "Existence of Involuntary Unemployment: the Role of Expectations and Feedback Effects," G.R.E.Q.A.M. 96a30, Universite Aix-Marseille III.
  2. D'ASPREMONT, Claude & DOS SANTOS FERREIRA, R. & GERARD-VARET, Louis-AndrŽ, 1990. "Imperfect competition, rational expectations, and unemployment," CORE Discussion Papers 1990044, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  3. Grandmont, Jean-Michel, 1985. "On Endogenous Competitive Business Cycles," Econometrica, Econometric Society, vol. 53(5), pages 995-1045, September. [Downloadable!] (restricted)
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