论文信息 - Chaos, Naivete, and consistent conjectures☆

Chaos, Naivete, and consistent conjectures☆

Abstract Bresnahan's consistent conjectures equilibrium is discussed as a more general means of avoiding chaos than naive strategies. Also, contrasting examples establish that perfectly and imperfectly competitive markets may exhibit similar, chaotic dynamics, contrary to a long-held view of industrial organization.

Sherrill Shaffer

[1] L. E. Fouraker,et al. The Theory of Monopolistic Competition , 1933 .

[2] V. Dickson. Conjectural variation elasticities and concentration , 1981 .

[3] Sherrill Shaffer. Market power and output stability , 1983 .

[4] J. Yorke,et al. Period Three Implies Chaos , 1975 .

[5] Wayne H. Joerding,et al. Polymorphic Equilibrium in Advertising , 1983 .

[6] Zvi Artstein,et al. Irregular cobweb dynamics , 1983 .

[7] V. Dickson. The Lerner index and measures of concentration , 1979 .

[8] Timothy F. Bresnahan,et al. Duopoly Models with Consistent Conjectures , 1981 .