| Nonlinear Dynamics, Psychology, and Life Sciences, Vol. 7, Iss. 1, Jan, 2003, pp. 27-33 @2003 Society for Chaos Theory in Psychology & Life Sciences On Stability and Persistence of Some Oligopoly Models Abstract: A dynamic oligopoly model is given. Its steady state and stability and the bounds of its basin of attraction are studied. Delay (memory) is then introduced. Oligopoly is then reformulated using Smale’s game which is more realistic than ordinary games since it takes memory into consideration. Persistence is studied for some oligopoly models. Keywords: oligopoly, Smale's game, basin of attraction, persistence |