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The Monopoly and Cournot-Nash Equilibria under Dynamic Conditions

  • Lester G. Telser
Part of the Case Studies in Economics book series (STEC)

Abstract

We now resume the study of optimal policies and expectations for n competing firms begun in chapter IV. Our concern is with the dynamic properties of the competitive and monopoly equilibria. Despite the greater difficulties of the analysis, many conclusions applicable to the static model remain valid in a dynamic setting, but certain new problems appear, and we shall need more powerful mathematical tools to solve them.

Keywords

Discount Rate Optimal Policy Discount Factor Convergent Series Positive Definiteness 
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Copyright information

© Lester G. Telser 1971

Authors and Affiliations

  • Lester G. Telser
    • 1
  1. 1.University of ChicagoUSA

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