A multiobjective model of oligopolies under uncertainty

Chiarella, C; Szidarovsky, F

A multiobjective model of oligopolies under uncertainty

Chiarella, C Szidarovsky, F

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Publisher:: Universidad de la Frontera
Publication Type:: Journal Article
Citation:: CUBO Matematica Educational, 2009, 11 (2), pp. 107 - 115
Issue Date:: 2009-01

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Field	Value	Language
dc.contributor.author	Chiarella, C	en_US
dc.contributor.author	Szidarovsky, F	en_US
dc.date.issued	2009-01	en_US
dc.identifier.citation	CUBO Matematica Educational, 2009, 11 (2), pp. 107 - 115	en_US
dc.identifier.issn	0716-7776	en_US
dc.identifier.uri	http://hdl.handle.net/10453/8298
dc.description.abstract	It is assumed that in an n-firm single-product oligopoly without product differentiation the firms face an uncertain price function, which is considered random by the firms. At each time period each firm simultaneously maximizes its expected profit and minimizes the variance of the profit since it wants to receive as high as possible profit with the least possible uncertainty. It is assumed that the best response of each firm is obtained by the weighting method. We show the existence of a unique equilibrium, and investigate the local stability of the equilibrium.	en_US
dc.publisher	Universidad de la Frontera	en_US
dc.relation.ispartof	CUBO Matematica Educational	en_US
dc.title	A multiobjective model of oligopolies under uncertainty	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	11	en_US
utslib.for	0102 Applied Mathematics	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.issue	2	en_US
pubs.volume	11	en_US

Abstract:

It is assumed that in an n-firm single-product oligopoly without product differentiation the firms face an uncertain price function, which is considered random by the firms. At each time period each firm simultaneously maximizes its expected profit and minimizes the variance of the profit since it wants to receive as high as possible profit with the least possible uncertainty. It is assumed that the best response of each firm is obtained by the weighting method. We show the existence of a unique equilibrium, and investigate the local stability of the equilibrium.

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http://hdl.handle.net/10453/8298