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.
|Publisher:||Springer Berlin Heidelberg|
|Edition description:||Softcover reprint of hardcover 1st ed. 2002|
|Product dimensions:||6.10(w) x 9.25(h) x 0.24(d)|
Table of ContentsHistory.- 1 A Century of Oligopoly Theory 1838–1941.- 2 The Development of Complex Oligopoly Dynamics Theory.- Methods.- 3 Some Methods for the Global Analysis of Dynamic Games Represented by Iterated Noninvertible Maps.- Cournot Models.- 4 The Role of Competition, Expectations and Harvesting Costs in Commercial Fishing.- 5 Cournot Duopoly with Kinked Demand According to Palander and Wald.- 6 Duopoly with Piecewise Linear Discontinuous Reaction Functions.- 7 A Cournot Duopoly with Bounded Inverse Demand Function.- 8 Chaos Synchronization and Intermittency in a Duopoly Game with Spillover Effects.- 9 Intrinsic Stability, Multi Stability and Instability.- 10 The Interaction of Uncertainty and Information Lags in the Cournot Oligopoly Model.- Hotelling Models.- 11 Hotelling Type Duopoly and Oligopoly.- Contributors.