Dynamic Behaviour in Large Markets for Differentiated Products
研究差异化产品市场中,随着企业数量增加,动态纳什均衡是否收敛于完全竞争,并给出了易于检验的收敛条件。
An important question is how well competitive models approximate models of large finite economies. For a class of differentiated products models static Nash equilibria, if they exist, always converge to competition as the number of firms increases. Dynamic Nash equilibria need not so converge. Easily checked conditions for convergence to competition do, however, exist.