Profitability Analysis of Price-Taking Strategy in Disequilibrium
Conventional economic assumption that more sophistication in decision making is better than less is challenged with a profitability analysis conducted with an oligopolistic model consisting of a naive firm and a group of sophisticated firms. While the naive firm is assumed to adopt a simple Cobweb s...
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| Format: | Article |
| Language: | English |
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Hindawi Limited
2007-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2007/12029 |