Title :
Fuzzy set underpinnings of oligopoly markets
Author :
Greenhut, M.L. ; Mansur, Yusuf ; Temponi, Cecilia
Author_Institution :
Dept. of Econ., Texas A&M Univ., College Station, TX, USA
Abstract :
This paper describes the natural links between fuzzy sets and oligopolistic markets. Fuzzy sets are used as a tool to define and describe oligopoly markets and to demonstrate quantitatively the uncertainty intrinsic to oligopolistic industries. The values of oligopolistic uncertainty are calculated by utilizing a fuzzy entropy measure. Significant distinctions between fuzzy results and the crisp number calculus are emphasized
Keywords :
commerce; economics; fuzzy logic; fuzzy set theory; probability; uncertainty handling; fuzzy entropy measure; fuzzy set underpinnings; number calculus; oligopolistic markets; oligopoly markets; uncertainty; Costs; Decision making; Economic forecasting; Fuzzy logic; Fuzzy set theory; Fuzzy sets; Mathematics; Oligopoly; Production; Uncertainty;
Conference_Titel :
Fuzzy Information Processing Society Biannual Conference, 1994. Industrial Fuzzy Control and Intelligent Systems Conference, and the NASA Joint Technology Workshop on Neural Networks and Fuzzy Logic,
Conference_Location :
San Antonio, TX
Print_ISBN :
0-7803-2125-1
DOI :
10.1109/IJCF.1994.375107
