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Chari, V.V.; Jones, Larry E.; Marimon, Ramon - Department of Economics and Business, Universitat … - 2004

problem, including the emphasis on price stability in the agreements constituting the European Union are especially valuable …

Persistent link: https://www.econbiz.de/10005772045

Assessing an intuitive condition for stability under a range of traffic conditions via a generalised Lu-Kumar network

Glazebrook, Kevin D.; Niño-Mora, José - Department of Economics and Business, Universitat … - 1997

We argue the importance both of developing simple sufficient conditions for the stability of general multiclass … between service stations. To achieve the former, we review a peak-rate stability condition and extend its range of application … and for the latter, we introduce a generalisation of the Lu-Kumar network on which the stability condition may be tested …

Persistent link: https://www.econbiz.de/10005772144

A non-quasi-competitive Cournot oligopoly with stability

Villanova, Ramon; Paradís, Jaume; Viader, Pelegrí - Department of Economics and Business, Universitat … - 1999

This paper presents a classical Cournot oligopoly model with some peculiar features: it is non--quasi--competitive as price under N-poly is greater than monopoly price; Cournot equilibrium exists and is unique with each new entry; the successive equilibria after new entries are stable under the...

Persistent link: https://www.econbiz.de/10005772199

Price increase and stability with new entries in Cournot markets

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...

Persistent link: https://www.econbiz.de/10005772263