Imitation in Cournot oligopolies with multiple markets
This paper analyzes imitation dynamics in Cournot oligopolies when firms imitate both rivaling firms and firms in other markets. The resulting tension between relative and absolute performance leads to a unique prediction strictly between the Nash equilibrium and perfectly competitive outcomes, whic...
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| Main Author: | |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
28 April 2015
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| In: |
Economic theory
Year: 2015, Volume: 60, Issue: 3, Pages: 567-587 |
| ISSN: | 1432-0479 |
| DOI: | 10.1007/s00199-015-0878-7 |
| Online Access: | Verlag, Volltext: https://doi.org/10.1007/s00199-015-0878-7
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| Author Notes: | Jonas Hedlund |
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