Partially Mixed Duopoly and Oligopoly: Consistent Conjectural Variations Equilibrium (CCVE). Part 2
Vyacheslav V. Kalashnikov, Nataliya I. Kalashnykova, J. Fernando Camacho
Vyacheslav V. Kalashnikov
Available Online October 2013.
- https://doi.org/10.2991/.2013.25How to use a DOI?
- Consistent Conjectural Variations Equilibrium, Partially Mixed Oligopoly
- In this paper, a model of partially mixed oligopoly with conjectured variations equilibrium (CVE) is studied. The agents make conjectures concerning the price variations depending upon their production output’s fluctuations. Existence and uniqueness results for the conjectured variations equilibrium (called an exterior equilibrium) is established for any collection of feasible conjectures. To deal with the concept of an interior (i.e., consistent) equilibrium, a consistency criterion for the influence coefficients is introduced and the existence theorem for the interior equilibrium (understood as a CVE with consistent conjectures) is established. As a base for the extension of the above-mentioned results to the case of non-differentiable demand functions, the behavior of the consistent conjectures as a function of a parameter representing the demand function’s derivative with respect to the market price is investigated.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Vyacheslav V. Kalashnikov AU - Nataliya I. Kalashnykova AU - J. Fernando Camacho PY - 2013/10 DA - 2013/10 TI - Partially Mixed Duopoly and Oligopoly: Consistent Conjectural Variations Equilibrium (CCVE). Part 2 BT - Fourth International Workshop on Knowledge Discovery, Knowledge Management and Decision Support PB - Atlantis Press SP - 207 EP - 217 SN - 1951-6851 UR - https://doi.org/10.2991/.2013.25 DO - https://doi.org/10.2991/.2013.25 ID - Kalashnikov2013/10 ER -