If an aggregative game satisfies the generalized Hahn conditions, then there exists a unique Nash equilibrium which may not be interior and is globally asymptotically stable under two alternative continuous adjustment processes with non-negativity constraints.

First, we derive and interpret global stability conditions for the Cournot equilibrium in the McGuire model of aggregate provision of a pure public good under Cournot behavior, assuming that persons in a community have heterogeneous, general utility functions. Second, we show that under a...

Labor-managed Cournot oligopoly with or without product differentiation is analyzed. First, the existence of Cournot equilibrium which is not necessarily unique is proved under general conditions based on the Brouwer fixed point theorem, which does not provide a direct computer method for...