STABILITY AND ENTRY IN A DYNAMIC COURNOT MARKET
1994 年 45 巻 2 号 p. 131-140
詳細
1994 年 45 巻 2 号 p. 131-140
In this paper we deal with dynamic Cournot competition and explore the relationship between the stability properties of an equilibrium path and quasi-competitive behavior of the market. More precisely we show that the stability conditions introduced for the static case ensure global convergence of a unique dynamic equilibrium path towards the steady state and quasi-competitiveness of the entire equilibrium path in the neighborhood of the steady state as well as the stationary state itself.
