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ON THE STABILITY OF OLIGOPOLY WITH NONDOGMATIC CONJECTURES
Author(s) -
Tarr David G.
Publication year - 1975
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/j.1467-999x.1975.tb00232.x
Subject(s) - oligopoly , stability (learning theory) , competitor analysis , economics , mathematical economics , variety (cybernetics) , econometrics , distribution (mathematics) , affect (linguistics) , microeconomics , mathematics , computer science , statistics , psychology , cournot competition , management , communication , machine learning , mathematical analysis
In recent years a number of authors have considered a variety of expectations assumptions in analyzing the stability of oligopoly. In this paper it is assumed that an oligopolist has a probability distribution for its competitors'outputs. This ≪ nondogmatic conjectures ≫ approach enables us to determine: (1) which of the stability results are not dependent on the expectation assumption made and (2) how the expectation assumptions themselves affect the stability results.