Abstract
In this section we will first present three models of duopoly, which is the limiting case of oligopoly. The common characteristic of these models is that they assume a certain pattern of reaction of competitors in each period and despite the fact that the ‘expected’ reaction does not in fact materialise, the firms continue to assume that the initial assumption holds. In other words, firms are assumed never to learn from past experience, which makes their behaviour at least naïve (if not stupid).
Preview
Unable to display preview. Download preview PDF.
Non-Collusive Oligopoly
Bishop, R. L., Duopoly: Collusion or Warfare?’, American Economic Review (1960) pp. 933–61.
Fellner, W., Competition among the Few (Knopf, 1949 ).
Hall, R. L., and C. J. Hitch, ‘Price Theory and Business Behaviour’, Oxford Economic Papers (1939).
Hamburger, W., ‘Conscious Parallelism and the Kinky Oligopoly Demand Curve’, American Economic Review, Papers and Proceedings (1967).
Primeaux, R., and Bomball, K., ‘A Re-examination of the Kinky Oligopoly Demand Curve’, Journal of Political Economy (1974).
Rothschild, K. W., ‘Price Theory and Oligopoly’, Economic Journal (1947) pp. 299–320.
Simon, J. L., ‘A Further Test of the Kinky Oligopoly Demand Curve’, American Economic Review (1969).
Stackelberg, H. von, The Theory of the Market Economy (Hodge, 1952 ).
Stigler, G. J., ‘The Kinky Oligopoly Demand Curve and Rigid Prices’, Journal of Political Economy (1947). Reprinted in Readings in the Theory of the Firm, ed. G. C. Archibald (Penguin 1972 ).
Stigler, G. J., ‘Notes on a Theory of Duopoly’, Journal of Political Economy (1940) pp. 521–41.
Sweezy, P. M., ‘Demand Under Conditions of Oligopoly’, Journal of Political Economy (1939) pp. 568–73.
Author information
Authors and Affiliations
Copyright information
© 1979 A. Koutsoyiannis
About this chapter
Cite this chapter
Koutsoyiannis, A. (1979). Non-Collusive Oligopoly. In: Modern Microeconomics. Palgrave, London. https://doi.org/10.1007/978-1-349-16077-8_9
Download citation
DOI: https://doi.org/10.1007/978-1-349-16077-8_9
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-25349-6
Online ISBN: 978-1-349-16077-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)