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THE EXISTENCE OF NASH EQUILIBRIA IN REACTION FUNCTIONS FOR DYNAMIC MODELS OF OLIGOPOLY.

Authors :
Robson, Arthur J.
Source :
International Economic Review; Oct86, Vol. 27 Issue 3, p539, 6p
Publication Year :
1986

Abstract

Examines the existence of Nash equilibrium in reaction functions for dynamic models of oligopoly. James Friedman's definition of a Nash equilibrium in reaction functions; Assumptions in the Friedman's work; Condition for the restoration of equilibrium.

Subjects

Subjects :
ECONOMIC equilibrium
OLIGOPOLIES

Details

Language :
English
ISSN :
00206598
Volume :
27
Issue :
3
Database :
Complementary Index
Journal :
International Economic Review
Publication Type :
Academic Journal
Accession number :
5694864
Full Text :
https://doi.org/10.2307/2526679