Dynamic Oligopolies with Time Delays

Authors: Matsumoto, Akio, Szidarovszky, Ferenc

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  • Discusses different types of time delay: discrete dynamics, continuous dynamics with fixed delays, and continuously distributed delays
  • Provides an accurate and detailed description of the mathematical methodology, and presents the basics of this in the three appendices
  • Includes computer simulation studies to facilitate understanding of the theoretical results and to serve as illustrations and as validation of the theory
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eBook 83,29 €
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  • ISBN 978-981-13-1786-6
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Hardcover 103,99 €
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  • ISBN 978-981-13-1785-9
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About this book

This is the first book to comprehensively examine the asymptotic behavior of dynamic monopolies, duopolies, and oligopolies where firms face information and implementation delays. It considers discrete and continuous timescales, continuously distributed delays, as well as single and multiple delays. It also discusses models with linear and hyperbolic price functions in three types of oligopolies: Cournot competition with quantity-adjusting firms, Bertrand competition with price-adjusting firms, and mixed oligopolies with both types of firms. In addition to the traditional Cournot-Nash equilibria, it introduces cases of partial cooperation are also introduced, leading to the analysis of cartelizing groups of firms and possible governmental actions against antitrust behavior. Further, the book investigates special processes for firms learning about the uncertain price function based on repeated market information. It addresses asymptotic properties of the associated dynamic systems, derives stability conditions, identifies stability switching curves, and presents in global analyses of cases of instability. The book includes both theoretical results and computer studies to illustrate and verify the theoretical findings.

About the authors

Akio Matsumoto, Chuo University
Ferenc Szidarovszky, Corvinus University

Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook 83,29 €
price for Spain (gross)
  • ISBN 978-981-13-1786-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-981-13-1785-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Dynamic Oligopolies with Time Delays
Authors
Copyright
2018
Publisher
Springer Singapore
Copyright Holder
Springer Nature Singapore Pte Ltd.
eBook ISBN
978-981-13-1786-6
DOI
10.1007/978-981-13-1786-6
Hardcover ISBN
978-981-13-1785-9
Edition Number
1
Number of Pages
VIII, 266
Number of Illustrations
21 b/w illustrations, 22 illustrations in colour
Topics