Finance Discipline Group
UTS Business School
University of Technology, Sydney

Working Paper Series

Title:
A Dynamic Analysis of Cournot Duopoly in Imperfectly Competitive Product and Factor Markets
Author(s): Carl Chiarella & Koji Okuguchi
Date of publication: March 1995
Working paper number: 43
Abstract:
Assuming identical firms, a linear market demand function and a single factor of production, labour, we analyse the existence and stability of a homogeneous Cournot duopoly facing imperfect competition in both product and factor markets. Under the assumption of a fairly general wage function we are able to demonstrate local stability of the unique equilibrium, and global stability under the assumption of a convex reaction function.
Paper: Download (Format: PDF, Size: 160 Kb)
Comments:
Published as: Chiarella, C. and Okuguchi, K., 1997, "A Dynamic Analysis of Cournot Duopoly in Imperfectly Competitive Product and Factor Markets", Keio Economic Studies, 34(1), 21-33.
Known citations:

Chiarella, C. and Szidarovszky, F., 2002, "The Asymptotic Behavior of Dynamic Rent-Seeking Games", Computers and Mathematics with Applications, 43(1-2), 169-178.

Chiarella, C. and Szidarovszky, F., 2009, "Existence and Uniqueness in Cournot Models with Cost Externalities", Mathematica Pannonica, 20(1), 1-9.

Engel, A. A., 2002, "Dynamic Market Games with Time Delays and their Application to International Fishing", Working Paper, University of Arizona.