چكيده لاتين :
Single-product oligopolies, without product differentiation, are exam!ned under the assumption
that any increase in production levels has additional cost to the firms. Therefore, the best
response of each firm depends on the current output of the rest of the in.dustry and on. the
previous output of the firm. Two dynamic models are introduced. In the first case, the firms
form adaptive expectations on the output of the rest of the industry and select the best response
output levels and, in the second case, it is assumed that they adjust their output levels adaptively.
Conditions are derived in both cases for the asymptotic stability of the equilibrium.
