Villanova, Ramon; Paradís, Jaume; Viader, Pelegrí; … - Department of Economics and Business, Universitat … - 2002
It is widely accepted in the literature about the classical Cournot oligopoly model that the loss of quasi–competitiveness is linked, in the long run as new firms enter the market, to instability of the equilibrium. In this paper, though, we present a model in which a stable unique symmetric...