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Persistent link: https://www.econbiz.de/10003911885
In this paper we verify the functioning of the standard neoclassical adjustment to equilibrium after a demand shock in a non-cooperative simultaneous Cournot duopoly with complete, symmetric and imperfect information. Our results show that in such a framework the adjustment to the long-run level...
Persistent link: https://www.econbiz.de/10013051736
Persistent link: https://www.econbiz.de/10012662572
In this paper we verify the functioning of the standard neoclassical adjustment to equilibrium after a demand shock in a non-cooperative simultaneous Cournot duopoly with complete, symmetric and imperfect information. Our results show that in such a framework the adjustment to the long-run level...
Persistent link: https://www.econbiz.de/10011730005