A Note on the Equivalence of the Conjectural Variations Solution and the Coefficient of Cooperation

被引:25
作者
Escrihuela-Villar, Marc [1 ]
机构
[1] Univ Illes Balears, Dept Economa Aplicada, Palma De Mallorca 07122, Baleares, Spain
来源
B E JOURNAL OF THEORETICAL ECONOMICS | 2015年 / 15卷 / 02期
关键词
conjectural variations; oligopoly; relative profit; COMPETITION; SPITE; PRICE;
D O I
10.1515/bejte-2014-0094
中图分类号
F [经济];
学科分类号
02 ;
摘要
This note shows that in a general symmetric quantity-setting oligopoly, the conjectural variations solution replicates that of a model where the "coefficient of cooperation" defined by Cyert and DeGroot (1973) is interpreted as the parameter indicating severity of competition.
引用
收藏
页码:473 / 480
页数:8
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