Partially Mixed Duopoly and Oligopoly: Consistent Conjectural Variations Equilibrium (CCVE). Part 2

DOI

10.2991/.2013.25How to use a DOI?

Keywords

Consistent Conjectural Variations Equilibrium, Partially Mixed Oligopoly

Abstract

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.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 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  - 10.2991/.2013.25
ID  - Kalashnikov2013/10
ER  -