Ebook: Oligopoly Dynamics: Models and Tools

This book has its focus on the dynamics of oligopoly games. Several contributions show how easily the unique Nash equilibria in some most traditional oligopoly models may lose stability, giving way to complex phenomena, such as periodic/chaotic processes, and to multi stability of coexistent attractors. The bifurcations producing these phenomena are studied by means of recently accumulated global methods, based on the use of critical curves. These tools are explained in a separate methodological chapter. The book also contains some historical background of the present theory. In this way the book becomes suitable also as an advanced text for industrial organisation courses. The various models presented in the book focus both classical Cournot types, and Hotelling`s "ice cream vendor" problems, including location choice. The author list comprises some of the most prolific contributors to current dynamic oligopoly modelling.

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This book has its focus on the dynamics of oligopoly games. Several contributions show how easily the unique Nash equilibria in some most traditional oligopoly models may lose stability, giving way to complex phenomena, such as periodic/chaotic processes, and to multi stability of coexistent attractors. The bifurcations producing these phenomena are studied by means of recently accumulated global methods, based on the use of critical curves. These tools are explained in a separate methodological chapter. The book also contains some historical background of the present theory. In this way the book becomes suitable also as an advanced text for industrial organisation courses. The various models presented in the book focus both classical Cournot types, and Hotelling`s "ice cream vendor" problems, including location choice. The author list comprises some of the most prolific contributors to current dynamic oligopoly modelling.
Content:
Front Matter....Pages i-viii
A Century of Oligopoly Theory 1838–1941....Pages 1-14
The Development of Complex Oligopoly Dynamics Theory....Pages 15-29
Some Methods for the Global Analysis of Dynamic Games Represented by Iterated Noninvertible Maps....Pages 31-83
The Role of Competition, Expectations and Harvesting Costs in Commercial Fishing....Pages 85-109
Cournot Duopoly with Kinked Demand According to Palander and Wald....Pages 111-146
Duopoly with Piecewise Linear Discontinuous Reaction Functions....Pages 147-169
A Cournot Duopoly with Bounded Inverse Demand Function....Pages 171-194
Chaos Synchronization and Intermittency in a Duopoly Game with Spillover Effects....Pages 195-217
Intrinsic Stability, Multi Stability and Instability....Pages 219-231
The Interaction of Uncertainty and Information Lags in the Cournot Oligopoly Model....Pages 233-263
Hotelling Type Duopoly and Oligopoly....Pages 265-310
Back Matter....Pages 311-313

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This book has its focus on the dynamics of oligopoly games. Several contributions show how easily the unique Nash equilibria in some most traditional oligopoly models may lose stability, giving way to complex phenomena, such as periodic/chaotic processes, and to multi stability of coexistent attractors. The bifurcations producing these phenomena are studied by means of recently accumulated global methods, based on the use of critical curves. These tools are explained in a separate methodological chapter. The book also contains some historical background of the present theory. In this way the book becomes suitable also as an advanced text for industrial organisation courses. The various models presented in the book focus both classical Cournot types, and Hotelling`s "ice cream vendor" problems, including location choice. The author list comprises some of the most prolific contributors to current dynamic oligopoly modelling.
Content:
Front Matter....Pages i-viii
A Century of Oligopoly Theory 1838–1941....Pages 1-14
The Development of Complex Oligopoly Dynamics Theory....Pages 15-29
Some Methods for the Global Analysis of Dynamic Games Represented by Iterated Noninvertible Maps....Pages 31-83
The Role of Competition, Expectations and Harvesting Costs in Commercial Fishing....Pages 85-109
Cournot Duopoly with Kinked Demand According to Palander and Wald....Pages 111-146
Duopoly with Piecewise Linear Discontinuous Reaction Functions....Pages 147-169
A Cournot Duopoly with Bounded Inverse Demand Function....Pages 171-194
Chaos Synchronization and Intermittency in a Duopoly Game with Spillover Effects....Pages 195-217
Intrinsic Stability, Multi Stability and Instability....Pages 219-231
The Interaction of Uncertainty and Information Lags in the Cournot Oligopoly Model....Pages 233-263
Hotelling Type Duopoly and Oligopoly....Pages 265-310
Back Matter....Pages 311-313
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