The Development of Complex Oligopoly Dynamics Theory

摘要: This chapter will review the development of theory complex oligopoly dynamics from 1970s to year 2001 in its main strands. It also provide certain speculations regarding possible future developments. serve as a link between first chapter’s discussion broader history oligoply up 1940s and more specific chapters that present current models rest this book. But, tell our story we need remind ourselves ideas One is very founding document theory, Cournot’s seminal work 1838. both because model he presented has been much studied for ability generate general foreshadowing game theory. often noted Cournot equilibrium but special case Nash (1951) equilibrium, formulation used by modern industrial organization economists studying Indeed, it sometimes even called Cournot-Nash equilibrium. Although many use model, theoretic formulations. We note simply an aside here was apply calculus solving economic optimization problem introduce supply demand curves, albeit “Walrasian” form with price on horizontal axis.