The dynamic behaviour of the output in nonlinear oligopolies is examined when the equilibrium is locally unstable. Continuously distributed time lags are assumed in obtaining information about "rivals" output as well as in obtaining or implementing information about the firms' own output. The Hopf bifurcation theorem is used to find conditions under which limit cycle motion is born. In addition to the classical Cournot model, labor managed and rent seeking oligopolies are also investigated.
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Paper provided by School of Finance and Economics, University of Technology, Sydney in its series Working Paper Series with number
87.