<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>A special oligopoly model is considered when the firms compete on the factor market, and the used factor volumes determine their outputs. In the <italic>N</italic>firm case conditions are given for the existence of the Nash equilibrium, and in the cooperative case, sufficient conditions are derived for the existence and uniqueness of the joint profit maximizer. In the case of a linear duopoly the dynamic extensions are introduced in both cases based on gradient adjustments. Conditions are given for the local asymptotic stability of the equilibrium and the joint profit maximizer without and with information delays.</p>
</abstract>

A special oligopoly model is considered when the firms compete on the factor market, and the used factor volumes determine their outputs. In the Nfirm case conditions are given for the existence of the Nash equilibrium, and in the cooperative case, sufficient conditions are derived for the existence and uniqueness of the joint profit maximizer. In the case of a linear duopoly the dynamic extensions are introduced in both cases based on gradient adjustments. Conditions are given for the local asymptotic stability of the equilibrium and the joint profit maximizer without and with information delays.

Some notes on dynamic oligopsonies

Department of Industrial and Systems Engineering

Pure Mathematics and Applications

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Some notes on dynamic oligopsonies"}

A special oligopoly model is considered when the firms compete on the factor market, and the used factor volumes determine their outputs. In the Nfirm case...

Some notes on dynamic oligopsonies

Published Online: Nov 07, 2022

Page range: 1 - 7

Received: Jun 01, 2021

DOI: https://doi.org/10.2478/puma-2022-0018

Keywords
oligopsony, equilibrium, stability, time delay

© 2022 Maryam Hamidi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Some notes on dynamic oligopsonies

Published Online: Nov 07, 2022

Page range: 1 - 7

Received: Jun 01, 2021

DOI: https://doi.org/10.2478/puma-2022-0018

Keywordsoligopsony, equilibrium, stability, time delay

© 2022 Maryam Hamidi et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
oligopsony, equilibrium, stability, time delay