Review of Economic Studies Vol. 54 No. 2 1987
Dynamic Behaviour in Large Markets for Differentiated Products
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.
- DOI
- 10.2307/2297518
- Volume
- 54
- Issue
- 2
- Pages
- 293
- Sources
- bibtex:phds-export.bib crossref openalex