Oligopoly Games with Local Monopolistic Approximation.
(2007)
Journal Article
Bischi, G., Naimzada, A., & Sbragia, L. (2007). Oligopoly Games with Local Monopolistic Approximation. Journal of Economic Behavior and Organization, 62(3), 371-388. https://doi.org/10.1016/j.jebo.2005.08.006
We propose an oligopoly game where quantity setting firms have incomplete information about the demand function. At each time step they solve a profit maximization problem assuming a linear demand function and ignoring the effects of the competitors’... Read More about Oligopoly Games with Local Monopolistic Approximation..