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Consistent Conjectural Variations Coincide with the Nash Solution in the Meta-Model

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Part of the Lecture Notes in Networks and Systems book series (LNNS, volume 138)

Abstract

Consider an oligopoly of at least two producers of a homogeneous good with cost functions \(f_i=f_i(q_i)\), \(i=1,\dots ,n\), \(n\ge 2\), where \(q_i\ge 0\) is the supply by producer i. Consumers’ demand is described by a demand function \(G=G(p)\), whose argument p is the market price established by a cleared market.

References

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Copyright information

© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021

Authors and Affiliations

  1. 1.Department of Physics and MathematicsUniversidad Autoonoma de Nuevo LéonSan Nicolas de los GarzaMexico
  2. 2.Department of Systems and Industrial EngineeringTecnologico de Monterrey ITESM/Campus MonterreyMonterreyMexico
  3. 3.Department of Computer ScienceUniversity of Texas at El PasoEl PasoUSA

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