Dynamic Behaviour in Large Markets for Differentiated Products

S-Tier
Journal: Review of Economic Studies
Year: 1987
Volume: 54
Issue: 2
Pages: 293-300

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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.

Technical Details

RePEc Handle
repec:oup:restud:v:54:y:1987:i:2:p:293-300.
Journal Field
General
Author Count
1
Added to Database
2026-01-25