Oligopolistic market: stability conditions of the equilibrium point of the generalized Cournot-Puu model

• Autorzy: Iwaszczuk N. , Kavalets I.
• Języki publikacji: EN

Abstrakty

EN

The paper presents a model describing the behavior of participants of the oligopolistic market. Economic model of the oligopoly – a generalized Cournot-Puu model is constructed. Notion of Cournot equilibrium is introduced. Study on the stability of the equilibrium point of the constructed model is described. As an example, the model of duopoly is considered in detail.

Słowa kluczowe

EN

oligopoly; duopoly; generalized Cournot-Puu model; Cournot equilibrium; linearization of the system; stability; Routh-Hurwitz procedure

• Wydawca: Polish Academy of Sciences, Branch in Lublin
• Czasopismo: ECONTECHMOD : An International Quarterly Journal on Economics of Technology and Modelling Processes
• Rocznik: 2013
• Tom: Vol. 2, No 1
• Strony: 15--22
• Opis fizyczny: Bibliogr. 37 poz., wz.

Twórcy

autor

Iwaszczuk N.

• AGH University of Science and Technology, Krakow, Faculty of Management

autor

Kavalets I.

• Lviv Polytechnic National University, Lviv, Institute of Applied Mathematics and Fundamental Sciences, Applied Mathematics Department

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