This book has its focus on the "dynamics" of oligopoly games. Several contributions show how easily the unique Nash equilibria in some most traditional oligopoly models may lose stability, giving way to complex phenomena, such as periodic/chaotic processes, and to multi stability of coexistent attractors. The bifurcations producing these phenomena are studied by means of recently accumulated "global" methods, based on the use of "critical curves." These tools are explained in a separate methodological chapter. The book also contains some historical background of the present theory. In this...

This book has its focus on the "dynamics" of oligopoly games. Several contributions show how easily the unique Nash equilibria in some most traditional oligopoly models may lose stability, giving way to complex phenomena, such as periodic/chaotic processes, and to multi stability of coexistent attractors. The bifurcations producing these phenomena are studied by means of recently accumulated "global" methods, based on the use of "critical curves." These tools are explained in a separate methodological chapter. The book also contains some historical background of the present theory. In this...