Dynamic oligopolies with intertemporal demand interaction
Single-product oligopolies without product differentiation are examined under the additional assumption that there is inter temporal demand interaction over time in the market. Therefore the market price depends on the current total production of the industry and also on a cumulated effect of earlier demands of the market. The associated dynamic model will first be derived and then the asymptotical behavior of the equilibrium will be examined. (c) 2006 Elsevier Ltd. All rights reserved.
oligopolies demand interaction equilibrium stability