About the Book
This book focuses on the dynamics of nonlinear oligopoly models. It discusses the classical Cournot model with a large variety of demand and cost functions that illustrate the many different types of possible best response functions as well as show the existence of unique and multiple equilibria. Dynamics are introduced under various assumptions for the adjustment process. An introduction to the analysis of global dynamics is given through some specific examples. Concave and general oligopolies are also considered and conditions are given for the local asymptotic stability of their equilibria, and global dynamics are investigated in some special cases. Other oligopolies examined include market share attraction games, labor-managed oligopolies, partially cooperating firms and models with intertemporal demand attraction. Local/global stability analyses are carried out for these models. The book contains a number of technical appendices that summarise techniques of global dynamics not accessible elsewhere.