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Study of unsteady oligopoly markets. (Russian, English) Zbl 1374.91076

Sib. Zh. Ind. Mat. 20, No. 1, 11-20 (2017); translation in J. Appl. Ind. Math. 11, No. 1, 8-16 (2017).
Summary: Under study is some simulation model of an oligopolistic market in continuous time. For the suppliers (oligopolists) the two rules of behavior are defined by a system of ordinary differential equations. The scenario determines the strategy that is used by the supplier, including the possibility of changing it during the interaction. It is shown, that there are possible stationary states in the model when a supplier profitability can be tools to start using a new rule of his behavior. In result of changing strategy his profit rises as compared to the other participants.

MSC:

91B54 Special types of economic markets (including Cournot, Bertrand)
91B62 Economic growth models
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References:

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