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JOURNALS // Problemy Upravleniya // Archive

Probl. Upr., 2015 Issue 6, Pages 10–22 (Mi pu942)

This article is cited in 10 papers

Control in the socio-economic systems

The simulation of oligopoly market structures for nonlinear demand and agents' costs functions

M. I. Geraskina, A. G. Chkhartishvilib

a Samara State Aerospace University
b V. A. Trapeznikov Institute of Control Sciences of Russian Academy of Sciences, Moscow

Abstract: The problem of oligopoly market structures simulation is considered for arbitrary number of agents, linear and nonlinear demand functions, nonlinear agents' costs functions. The equilibrium behavior of agents is described on the basis of conjectural variations in Cournot and Stackelberg reaction models (considering cases with one or several leaders). The adequacy of Cournot reaction model was proved by equilibriums simulation for Russia Volga region telecommunication market with statistically obtained prices and agents' costs functions for voice communication and internet traffic.

Keywords: oligopoly, nonlinear demand and costs functions, Nash equilibrium, Cournot reaction models, Stackelberg reaction models, telecommunication market.

UDC: 330.42+519.832


 English version:
Control Sciences, 2017, 78:2, 332–348

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