A naive but optimal route to Walrasian behavior in oligopolies
Article Abstract:
The firms producing a homogeneous product with identical technologies in an oligopolistic market where irrationality or ignorance lead to higher profits are discussed in detail. The profits made by a naive price taker will always be higher than or atleast as much as the other rivals.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2003
United States, Evaluation, Duopolies, Oligopolies
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2003
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On the statistical dynamics of economics
Article Abstract:
The impact of variability in economic indicators on macroeconomic performance is examined.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2005
Singapore, Analysis, Usage, Economic indicators, Ergodic theory
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2005
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