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This article is cited in 6 scientific papers (total in 6 papers)
Control in Social Economic Systems
Analysis of equilibria in a nonlinear oligopoly model
M. I. Geraskin Samara University, Samara, 443086 Russia
Abstract:
We consider the game-theoretic problem of choosing optimal strategies for agents of the oligopoly market for a linear demand function and nonlinear agent cost functions. A computational formula for the optimal action of an agent is derived in the form of a fractional irrational function; it is shown that the extrema of this function correspond to fixed points. To find a fixed point, an irrational equation is derived and approximate formulas for its solution are obtained. Necessary conditions for the existence and uniqueness or the multiplicity of equilibria depending on the agent type parameters are proved.
Keywords:
oligopoly, aggregative game, fractional irrational function, fixed point, multiplicity of equilibria.
Citation:
M. I. Geraskin, “Analysis of equilibria in a nonlinear oligopoly model”, Avtomat. i Telemekh., 2022, no. 8, 140–158; Autom. Remote Control, 83:8 (2022), 1261–1277
Linking options:
https://www.mathnet.ru/eng/at15881 https://www.mathnet.ru/eng/at/y2022/i8/p140
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Abstract page: | 99 | References: | 30 | First page: | 17 |
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