Reducing competitors in a Cournot-Theocharis oligopoly model

We study how firms disappear from the market in a Cournot-Theocharis oligopoly model. We find necessary and sufficient conditions for the global convergence of the system to a monopoly or a duopoly. In particular, we prove that when the number of firms increases, it is more difficult to eliminate a...

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Bibliographic Details
Published inJournal of difference equations and applications Vol. 15; no. 2; pp. 153 - 165
Main Author Canovas, Jose S
Format Journal Article
LanguageEnglish
Published Taylor & Francis Group 01.02.2009
Subjects
nonlinear difference equations
oligopoly dynamics
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Summary:We study how firms disappear from the market in a Cournot-Theocharis oligopoly model. We find necessary and sufficient conditions for the global convergence of the system to a monopoly or a duopoly. In particular, we prove that when the number of firms increases, it is more difficult to eliminate a firm from the market.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:1023-6198
1563-5120
DOI:10.1080/10236190802006415