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Layout of a New Ind...
Layout of a New Industry : From Oligopoly to Competition
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- Puu, Tönu, 1936- (författare)
- Umeå universitet,Centrum för regionalvetenskap (CERUM)
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(creator_code:org_t)
- Budapest : SAAS Publishing, 2005
- 2005
- Engelska.
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Ingår i: Pure Mathematics and Applications. - Budapest : SAAS Publishing. - 1218-4586. ; 16:4, s. 475-492
- Relaterad länk:
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http://www.bke.hu/pu...
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Abstract
Ämnesord
Stäng
- Oligopoly models with constant marginal costs for the competitors tend to produce destabilization of the Cournot equilibrium point when the number of competitors increases. It therefore becomes difficult to explain how an oligopoly can evolve into perfect competition through an increase in the number of competitors. In the present study it is explored how cost functions with built in capacity limits can eliminate this problem. It is also shown how such cost functions can be derived from CES functions when the input of capital is fixed through an act of investment. It turns out that the durability of capital equipment is what is needed to stabilize the system, and so make it possible for an oligopoly to seamlessly transform into a competitive equilibrium.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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