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

Iwaszczuk N., Kavalets I.

ECONTECHMOD : An International Quarterly Journal on Economics of Technology and Modelling Processes

2013

Vol. 2, No 1

15--22

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.