This is the first book to comprehensively examine the asymptotic behavior of dynamic monopolies
duopolies and oligopolies where firms face information and implementation delays. It considers
discrete and continuous timescales continuously distributed delays as well as single and
multiple delays. It also discusses models with linear and hyperbolic price functions in three
types of oligopolies: Cournot competition with quantity-adjusting firms Bertrand competition
with price-adjusting firms and mixed oligopolies with both types of firms. In addition to the
traditional Cournot-Nash equilibria it introduces cases of partial cooperation are also
introduced leading to the analysis of cartelizing groups of firms and possible governmental
actions against antitrust behavior. Further the book investigates special processes for firms
learning about the uncertain price function based on repeated market information. It addresses
asymptotic properties of the associated dynamic systems derives stability conditions
identifies stability switching curves and presents in global analyses of cases of instability.
The book includes both theoretical results and computer studies to illustrate and verify the
theoretical findings.
