Friday, May 22, 2009

Oligopolistic producer behavior

> You had a note on how to model oligopolistic producer behavior in GAMS?

Uploaded to

The paper shows that an MCP formulation is natural for this. It also compares prices and quantities with the situation where the firms are merged and a large monopolist is formed. This behavior is easily modeled using a simple NLP model. A numerical experiment like this can be quickly implemented using a modeling language.

1 comment:

  1. Thanks for this note. The comparison with the monopolist is also interesting.