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This article is cited in 8 scientific papers (total in 8 papers)
A study into unsteady oligopolistic markets
N. I. Aizenberg, V. I. Zorkaltsev, I. V. Mokryi Melentiev Energy Systems Institute SB RAS, Lermontov str., 130, 664033 Irkutsk
Abstract:
We study an oligopolistic market by a simulation model in continuous time. The suppliers (oligopolists) use two rules of behavior which are determined from systems of ordinary differential equations. The scenario determines the stategy of a supplier including the possibility of the change of behavior during interaction. We shown that there are possible stationary states when one of the suppliers gets benefits from changing behavior, after which his income will increase as compared with the incomes of the other actors.
Keywords:
simulation model, oligopoly, supplier, consumer, market equilibrium.
Received: 20.01.2016
Citation:
N. I. Aizenberg, V. I. Zorkaltsev, I. V. Mokryi, “A study into unsteady oligopolistic markets”, Sib. Zh. Ind. Mat., 20:1 (2017), 11–20; J. Appl. Industr. Math., 11:1 (2017), 8–16
Linking options:
https://www.mathnet.ru/eng/sjim944 https://www.mathnet.ru/eng/sjim/v20/i1/p11
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