FEEDBACK MODELS OF MONOPOLISTIC BUSINESS POLICIES: (Part 1: Price policy approaches)
J. BAETGE
(Seminar für Treuhandwesen der J. W. Goethe‐Universität, Mertonstr. 17, D–6000 Frankfurt am Main, Federal German Republic)
W. BALLWIESER
(Seminar für Treuhandwesen der J. W. Goethe‐Universität, Mertonstr. 17, D–6000 Frankfurt am Main, Federal German Republic)
G. BOLENZ
(Seminar für Treuhandwesen der J. W. Goethe‐Universität, Mertonstr. 17, D–6000 Frankfurt am Main, Federal German Republic)
R. HÖMBERG
(Seminar für Treuhandwesen der J. W. Goethe‐Universität, Mertonstr. 17, D–6000 Frankfurt am Main, Federal German Republic)
P. WULLERS
(Seminar für Treuhandwesen der J. W. Goethe‐Universität, Mertonstr. 17, D–6000 Frankfurt am Main, Federal German Republic)
86
Abstract
This is the first of two parts of a paper in which we shall develop microeconomic price models of monopolistic competition using methods and tools of feedback theory. The models discussed are based on an approach presented by Billstroem and Thore in 1964. In the second part we will develop a different approach which can better deal with real problems. All feedback models will be simulated by means of the simulation language CSMP/360 III.
Citation
BAETGE, J., BALLWIESER, W., BOLENZ, G., HÖMBERG, R. and WULLERS, P. (1977), "FEEDBACK MODELS OF MONOPOLISTIC BUSINESS POLICIES: (Part 1: Price policy approaches)", Kybernetes, Vol. 6 No. 1, pp. 15-25. https://doi.org/10.1108/eb005436
Publisher
:MCB UP Ltd
Copyright © 1977, MCB UP Limited