Global stability of unique Nash equilibrium in Cournot oligopoly and rent-seeking game

被引:21
作者
Okuguchi, Koji [2 ]
Yamazaki, Takeshi [1 ]
机构
[1] Niigata Univ, Dept Econ, Nishi Ku, Niigata 9502181, Japan
[2] Gifu Shotoku Gakuen Univ, Dept Econ & Informat, Gifu 5008288, Japan
关键词
Cournot oligopoly; global stability; Nash equilibrium; rent-seeking;
D O I
10.1016/j.jedc.2007.05.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
A sufficient condition is derived for the global stability of a unique interior Nash equilibrium in an aggregative game. The condition is applied to investigate the global stability of the Nash - Cournot equilibrium in Cournot oligopoly without product differentiation and that of the Nash equilibrium in rent-seeking games. (c) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码:1204 / 1211
页数:8
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