Consistent Conjectural Variations under Demand Uncertainty
碩士 === 淡江大學 === 產業經濟研究所 === 83 === The model of consistent conjectural variations is discussed in the literature, for example, Breshnahan (1981), (1982), Kamien and Schwartz (1983), Tanaka (1985), Shaffer and Yann-Shwu Lin (1991). A conjectural varia...
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ndltd-TW-083TKU003340102015-11-09T04:04:28Z http://ndltd.ncl.edu.tw/handle/64700548653974032795 Consistent Conjectural Variations under Demand Uncertainty 需求不確定下之一致性猜測變量 Hwa-Ming Doong 董華明 碩士 淡江大學 產業經濟研究所 83 The model of consistent conjectural variations is discussed in the literature, for example, Breshnahan (1981), (1982), Kamien and Schwartz (1983), Tanaka (1985), Shaffer and Yann-Shwu Lin (1991). A conjectural variation by one about the other firm''s response is consistent if it is to the other firm''s actual response. Most literature accept presumption that each firm acts as if the environment non-stochastic. As a matter of fact, the environment is chastic. If firms face a fluctuating market demand,it interesting to explore how they should conjecture and compare with those findings of Perry(1982) and Lin(1991). We find that if the number of firms was fixed, the conjectural variation is greater than -1 in either profit firm labor-managed firm under demand uncertainty, and it exist and unique. That is, the market structure under demand uncertainty more collusive than competitive equilibrium in the result is in contrast to the one obtained by Perry(1982) Yann-Shwu Lin(1991). This consistent equilibrium under uncertainty is between competitive equilibrium and Cournot- equilibrium. However, if it allows free entry and exit in the run, we can show that, competitive conjecture is the consistent one for any demand, cost, and conjectural functions. Our result is a generalization of the finding Perry''s and Tanaka''s result. Biing-Shiunn Yang 楊秉訓 1995 學位論文 ; thesis 77 zh-TW |
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碩士 === 淡江大學 === 產業經濟研究所 === 83 === The model of consistent conjectural variations is discussed in
the literature, for example, Breshnahan (1981), (1982), Kamien
and Schwartz (1983), Tanaka (1985), Shaffer and Yann-Shwu
Lin (1991). A conjectural variation by one about the other
firm''s response is consistent if it is to the other firm''s
actual response. Most literature accept presumption that
each firm acts as if the environment non-stochastic. As
a matter of fact, the environment is chastic. If firms
face a fluctuating market demand,it interesting to explore
how they should conjecture and compare with those findings
of Perry(1982) and Lin(1991). We find that if the number of
firms was fixed, the conjectural variation is greater than -1
in either profit firm labor-managed firm under demand
uncertainty, and it exist and unique. That is, the market
structure under demand uncertainty more collusive than
competitive equilibrium in the result is in contrast to
the one obtained by Perry(1982) Yann-Shwu Lin(1991). This
consistent equilibrium under uncertainty is between
competitive equilibrium and Cournot- equilibrium. However, if
it allows free entry and exit in the run, we can show
that, competitive conjecture is the consistent one for
any demand, cost, and conjectural functions. Our result is
a generalization of the finding Perry''s and Tanaka''s result.
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author2 |
Biing-Shiunn Yang |
author_facet |
Biing-Shiunn Yang Hwa-Ming Doong 董華明 |
author |
Hwa-Ming Doong 董華明 |
spellingShingle |
Hwa-Ming Doong 董華明 Consistent Conjectural Variations under Demand Uncertainty |
author_sort |
Hwa-Ming Doong |
title |
Consistent Conjectural Variations under Demand Uncertainty |
title_short |
Consistent Conjectural Variations under Demand Uncertainty |
title_full |
Consistent Conjectural Variations under Demand Uncertainty |
title_fullStr |
Consistent Conjectural Variations under Demand Uncertainty |
title_full_unstemmed |
Consistent Conjectural Variations under Demand Uncertainty |
title_sort |
consistent conjectural variations under demand uncertainty |
publishDate |
1995 |
url |
http://ndltd.ncl.edu.tw/handle/64700548653974032795 |
work_keys_str_mv |
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