Technology choice in an evolutionary oligopoly game
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F18%3A10240123" target="_blank" >RIV/61989100:27510/18:10240123 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1007/s10203-018-0215-2" target="_blank" >http://dx.doi.org/10.1007/s10203-018-0215-2</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10203-018-0215-2" target="_blank" >10.1007/s10203-018-0215-2</a>
Alternative languages
Result language
angličtina
Original language name
Technology choice in an evolutionary oligopoly game
Original language description
In this paper, we propose and analyze a two-stage oligopoly game in which firms first simultaneously choose production technologies and in the second stage simultaneously choose production quantities. After characterizing the Nash equilibrium of the game, we cast our static model in a dynamic setting exploring the stability properties of the market equilibrium in two different cases: (i) exogenously distributed technologies and Cournot adjustments and (ii) endogenously distributed technologies in an infinite population game with Cournot-Nash equilibrium outputs. The main aim of the paper is that of extending the results about Cournot oligopoly stability in an evolutionary setting of heterogeneous decreasing returns-to-scale technologies. We show how the interplay between production decisions and R&D decisions can generate endogenous market fluctuations leading to complex dynamic phenomena.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
—
Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Rivista di Matematica per le Scienze Economiche e Sociali
ISSN
1593-8883
e-ISSN
—
Volume of the periodical
41
Issue of the periodical within the volume
2
Country of publishing house
IT - ITALY
Number of pages
22
Pages from-to
335-356
UT code for WoS article
000454246200013
EID of the result in the Scopus database
2-s2.0-85054545028