Abstract:
The model of reflexive behavior of agents in Cournot oligopoly is considered. Agents are split into classes of different level of reflection, and behavior of different classes essentially differs. The game outcome depends on the number of agents in each class (on the distribution of agents by classes). Possibility is considered of manipulating the equilibrium price by changing levels of agents’ reflection. Properties of the optimal price-manipulation mechanism are investigated; and obtained results are discussed.
Fulltext:
PDF file (346 kB)