OPEN-LOOP AND FEEDBACK MODELS OF DYNAMIC OLIGOPOLY

Authors
KARP LS PERLOFF JM
Citation
Ls. Karp et Jm. Perloff, OPEN-LOOP AND FEEDBACK MODELS OF DYNAMIC OLIGOPOLY, International journal of industrial organization, 11(3), 1993, pp. 369-389
Citations number
21
Categorie Soggetti
Economics
Journal title
International journal of industrial organization → ACNP
ISSN journal
01677187
Volume
11
Issue
3
Year of publication
1993
Pages
369 - 389
Database
ISI
SICI code
0167-7187(1993)11:3<369:OAFMOD>2.0.ZU;2-Y
Abstract
A simple method of estimating the degree of oligopoly power in dynamic markets using either open-loop or feedback (subgame perfect) strategi es is developed. New theoretical results are presented for families of oligopoly models. Differences between discrete-time and continuous-ti me models and open-loop and feedback models are demonstrated. The effe cts of increasing the number of firms or adjustment costs are examined .