New answers tagged oligopoly
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How do the assumptions $p'+q_ip''<0$ and $p'-c''<0$ ensure the stability of the Nash equilibrium among private firms in basic mixed oligopoly model?
The stability conditions are from Hahn (1962). They ensure that, under a specific adjustment process, the firms' outputs will converge to the Cournot-Nash equilibrium. The assumed adjustment process (...
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