On the multiplicity of perfect equilibria in a dynamic oligopoly |
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| Affiliation: | 1. School of Mechanical Engineering, Shanghai Jiao Tong University, Shanghai, China (200240);2. School of Mechanical and Aerospace Engineering, Nanyang Technological University, Singapore;3. Systems Engineering and Operations Research Department, George Mason University, Fairfax, VA 22030, USA;4. Department of Industrial and Business Management, Chang Gung University, Taiwan |
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| Abstract: | In this paper we study the subgame perfect equilibrium solution of a dynamic oligopoly model. We show how there exists a family of perfect equilibria, since the perfectness concept does not encompass regularity conditions on the feedback rules. |
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