In this paper, a dynamic model for ologopoly is developed to examine the relationship between static conjecrural variations equilibrium and intertemporal equiliblium. We demonstrate that the intertemporal equilibrium strictly lies between the static conjectural variations equilibrium and competition equilibrium. We also show that as either the common discount rate or the effect of strategic consumers' purchases on future prices goes to zero, the intertemporal equilibrium canverges to the static conjectural variations equilibrium level. Meanwhile, it is shown that if either the common discount rate or the effect of strategic consumers' purchases on future prices increases, then the intertemporal equilibrium converges to the static competition equilibrium level.
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