A Quasi-Variational Approach for the Dynamic Oligopolistic Market Equilibrium Problem
The paper is concerned with the dynamic oligopolistic market equilibrium problem in the realistic case in which we allow the presence of capacity constraints and production excesses and, moreover, we assume that the production function depends not only on the time but also on the equilibrium distrib...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2013-01-01
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| Series: | Abstract and Applied Analysis |
| Online Access: | http://dx.doi.org/10.1155/2013/952915 |
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| Summary: | The paper is concerned with the dynamic oligopolistic market equilibrium problem in the realistic case in which we allow the presence of capacity constraints and production excesses and, moreover, we assume that the production function depends not only on the time but also on the equilibrium distribution. As a consequence, we introduce the generalized dynamic Cournot-Nash principle in the elastic case and prove the equivalence between this equilibrium definition and a suitable evolutionary quasi-variational inequality. For completeness we make the analysis of existence, regularity, and sensitivity of the solution. In the end, a numerical example is provided. |
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| ISSN: | 1085-3375 1687-0409 |