Cartelizing Groups in Dynamic Linear Oligopoly with Antitrust Threshold
| Autor: | Ugo Merlone, Ferenc Szidarovszky, Akio Matsumoto |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2008 |
| Předmět: |
Oligopolio
Index (economics) Dinamiche caotiche General Computer Science jel:M2 Oligopoly Exponential stability jel:C0 Economics Oligopolies partial cooperation shareholding interlocks antitrust regulation C71 Differentiable function jel:D5 Statistics Probability and Uncertainty Business and International Management jel:B4 jel:C6 jel:D7 Mathematical economics jel:C7 |
| Popis: | The effects of partially cooperating firms are examined in N-firm oligopolies. The Herfindahl-Hirschmann Index is assumed to detect the violation of the antitrust regulation by the firms, and based on this assumption a piece-wise differentiable dynamic system can be developed. The firms stop cooperating if this index becomes larger than a certain threshold and they restart or continue cooperating otherwise. The equilibria of the dynamic system are first determined. Local and global asymptotic stability of the equilibria are then investigated showing the complexity of the dynamic behavior of the system. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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