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- Title
- Essential of Cournot oligopoly model.
- Creator
- Mahzabeen, Ishrat., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
-
This thesis examines as well as compares four essential issues of the Cournot oligopoly model--existence, uniqueness, and stability of the equilibrium solution, and the competitive property of the model. A Cournot equilibrium solution exists for the market when the marginal revenue of each firm declines due to an output expansion by all other firms. The existing Cournot solution is unique when a non-zero Jacobian determinant of the marginal profit functions exist. The equilibrium solution is...
Show moreThis thesis examines as well as compares four essential issues of the Cournot oligopoly model--existence, uniqueness, and stability of the equilibrium solution, and the competitive property of the model. A Cournot equilibrium solution exists for the market when the marginal revenue of each firm declines due to an output expansion by all other firms. The existing Cournot solution is unique when a non-zero Jacobian determinant of the marginal profit functions exist. The equilibrium solution is stable when two conditions are simultaneously satisfied: (i) each firm's marginal cost does not fall faster than the market demand curve, and (ii) on the aggregate the marginal profit of the firms decreases as all the firms expand their outputs. The existence, uniqueness, and stability are necessary properties for the Cournot equilibrium solution to become quasi-competitive. However, the Cournot solution will converge towards the competitive solution only in absence of economies of scale. These results have an important policy implication that, allowing entry into an oligopolistic market will improve the market performance.
Show less - Date Issued
- 1993
- PURL
- http://purl.flvc.org/fcla/dt/14979
- Subject Headings
- Cournot, A A--(Antoine Augustin),--1801-1877--Researches into the mathematical principles of the theory of wealth, Economics--Mathematical models, Oligopolies
- Format
- Document (PDF)
- Title
- A comparative analysis of three oligopoly models.
- Creator
- Perez, Carlos Francisco., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
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This thesis examines as well as compares three oligopoly models. In Seade (1980), the effect of entry on outputs and profits is analyzed. Firms may respond to entry in a perverse way by increasing their outputs. The equilibrium price set by firms always rests above marginal costs. In Perloff and Salop (1985), the focus is on the effect of both limited and unlimited entry on oligopoly pricing behavior. Firms may set their equilibrium price equal to marginal cost; therefore, an oligopoly may...
Show moreThis thesis examines as well as compares three oligopoly models. In Seade (1980), the effect of entry on outputs and profits is analyzed. Firms may respond to entry in a perverse way by increasing their outputs. The equilibrium price set by firms always rests above marginal costs. In Perloff and Salop (1985), the focus is on the effect of both limited and unlimited entry on oligopoly pricing behavior. Firms may set their equilibrium price equal to marginal cost; therefore, an oligopoly may behave like a perfectly competitive industry. Salop (1979) offers a spatial model of oligopoly. The measure of the degree of monopolistic competition differs from that of Perloff and Salop (1985). The response of firms to changes in both demand and costs also differs between Salop (1979), and Perloff and Salop (1985).
Show less - Date Issued
- 1991
- PURL
- http://purl.flvc.org/fcla/dt/14738
- Subject Headings
- Oligopolies--Models
- Format
- Document (PDF)
- Title
- Hong Kong's monetary control system.
- Creator
- Tang, Stanley C., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of the monetary control system in Hong Kong. One unique feature of that system is that it is without a central bank. Most economists have supposed that a monetary system without a central bank will be subject to price instability and inflation. The Hong Kong situation suggests that this need not be the case. Hong Kong's unique combination of bank and government controlled monetary practice provides an alternative way to accomplish the kind of monetary control that is...
Show moreThis thesis is a study of the monetary control system in Hong Kong. One unique feature of that system is that it is without a central bank. Most economists have supposed that a monetary system without a central bank will be subject to price instability and inflation. The Hong Kong situation suggests that this need not be the case. Hong Kong's unique combination of bank and government controlled monetary practice provides an alternative way to accomplish the kind of monetary control that is found in economies with a central bank, like that in the United States. However, Hong Kong's monetary system is not without certain problems which could be remedied by corrective legislation but will in all probability be fundamentally changed after 1997 when Hong Kong passes into the control of China.
Show less - Date Issued
- 1990
- PURL
- http://purl.flvc.org/fcla/dt/14670
- Subject Headings
- Monetary policy--Hong Kong, Money--Hong Kong
- Format
- Document (PDF)
- Title
- Conjectural variations in models of the oligopoly.
- Creator
- Brown, Roger Joseph Jr., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
-
This thesis reviews the contemporary work in the area of the role of conjectural variations on the equilibrium price and quantity, in models of the oligopolistic industry. Industry is shown to be capable of producing from the competitive output, to the monopolistic, depending on the conjectural variations of the industry members. Furthermore, it is shown that the results are independent of the number of firms within the industry, as opposed to the classic Cournot model of the oligopoly....
Show moreThis thesis reviews the contemporary work in the area of the role of conjectural variations on the equilibrium price and quantity, in models of the oligopolistic industry. Industry is shown to be capable of producing from the competitive output, to the monopolistic, depending on the conjectural variations of the industry members. Furthermore, it is shown that the results are independent of the number of firms within the industry, as opposed to the classic Cournot model of the oligopoly. Additionally, the notion of consistency of conjectures is reviewed, that is when firms' conjectures regarding their rivals are correct. The imposed requirement of consistency of conjectures is shown to result in a unique price-quantity solution. This latter unique solution is further investigated, by incorporating simple transport costs into the oligopoly model.
Show less - Date Issued
- 1988
- PURL
- http://purl.flvc.org/fcla/dt/14458
- Subject Headings
- Oligopolies
- Format
- Document (PDF)
- Title
- LOCATION ANALYSIS AND ITS APPLICATION.
- Creator
- CAGATAY, TANER., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
-
This thesis discusses the locational theories and their implications and applications on the Turkish Consulate. Chapters I and II analyzes the theories of Von Thunen, Jsard, and Hoover. Chapter III discuses Weber's theories and an application on the Turkish Consulate. Chapter IV summarizes the conclusions.
- Date Issued
- 1985
- PURL
- http://purl.flvc.org/fcla/dt/14261
- Subject Headings
- Economics--Mathematical models, Turkey--Economic conditions
- Format
- Document (PDF)
