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dc.contributor.authorLamantia, Fabio
dc.contributor.authorNegriu, Anghel
dc.contributor.authorTuinstra, Jan
dc.date.accessioned2019-02-05T08:48:17Z
dc.date.available2019-02-05T08:48:17Z
dc.date.issued2018
dc.identifier.citationDecisions in Economics and Finance. 2018, vol. 41, issue 2, special issue, p. 335-356.cs
dc.identifier.issn1593-8883
dc.identifier.issn1129-6569
dc.identifier.urihttp://hdl.handle.net/10084/133789
dc.description.abstractIn this paper, we propose and analyze a two-stage oligopoly game in which firms first simultaneously choose production technologies and in the second stage simultaneously choose production quantities. After characterizing the Nash equilibrium of the game, we cast our static model in a dynamic setting exploring the stability properties of the market equilibrium in two different cases: (i) exogenously distributed technologies and Cournot adjustments and (ii) endogenously distributed technologies in an infinite population game with Cournot-Nash equilibrium outputs. The main aim of the paper is that of extending the results about Cournot oligopoly stability in an evolutionary setting of heterogeneous decreasing returns-to-scale technologies. We show how the interplay between production decisions and R&D decisions can generate endogenous market fluctuations leading to complex dynamic phenomena.cs
dc.language.isoencs
dc.publisherSpringercs
dc.relation.ispartofseriesDecisions in Economics and Financecs
dc.relation.urihttp://doi.org/10.1007/s10203-018-0215-2cs
dc.rights© Associazione per la Matematica Applicata alle Scienze Economiche e Sociali (AMASES) 2018cs
dc.subjectoligopoly gamescs
dc.subjectevolutionary dynamicscs
dc.subjecttechnology adoptioncs
dc.titleTechnology choice in an evolutionary oligopoly gamecs
dc.typearticlecs
dc.identifier.doi10.1007/s10203-018-0215-2
dc.type.statusPeer-reviewedcs
dc.description.sourceWeb of Sciencecs
dc.description.volume41cs
dc.description.issue2cs
dc.description.lastpage356cs
dc.description.firstpage335cs
dc.identifier.wos000454246200013


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