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Reconsidering Cournot: The Cournot Equilibrium is Consistent
The RAND Journal of Economics, 1985This article uses an infinite-regress model of firm-level decisions to find a rational expectations equilibrium for a duopoly and to relate concepts of conjectural variations and consistency to the Cournot equilibrium. The model derives a conjectural variation instead of assuming it.
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Cournot-like Interaction with Cournot Outcomes
Studies in Microeconomics, 2018This article works out a Cournot duopoly where firms take price as given, but it is not the same price that is taken for given by each firm; it depends on individual expectations about opponent’s behaviour as are shaped by the business cycle. Yet, the result of this interaction is a Cournot equilibrium as if the calculations were based on the same ...
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VARIATIONAL INEQUALITIES IN COURNOT OLIGOPOLY
International Game Theory Review, 2007Consider G = (X1,…,XM,g1,…,gM) an M-player game in strategic form, where the set Xi is an interval of real numbers and the payoff functions gi are differentiable with respect to the related variable xi ∈ Xi. If they are also concave, with respect to the related variable, then it is possible to associate to the game G a variational inequality which ...
C. A. PENSAVALLE, G. PIERI
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Mathematical Social Sciences, 2020
We provide necessary and sufficient conditions for the existence of Cournot equilibrium for a class of demand functions when firms are identical and produce under constant returns to scale. We focus on inelastic and convex demand yielding non-concave profit functions.
Corch?n, Luis C. +1 more
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We provide necessary and sufficient conditions for the existence of Cournot equilibrium for a class of demand functions when firms are identical and produce under constant returns to scale. We focus on inelastic and convex demand yielding non-concave profit functions.
Corch?n, Luis C. +1 more
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Cournot Competition Yields Spatial Agglomeration
International Economic Review, 1991The paper relates to a problem related to the spatial structure emerging from an oligopolistic behaviour of firms over some topological space. Cournot oligopolistic behaviour is argumented as a behavioural hypothesis, and the authors prove (under the assumptions of one- dimensional Euclidean space, of linearity of demand functions and transportation ...
Anderson, Simon P, Neven, Damien J
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Cournot equilibrium without apology: Existence and the Cournot inverse demand function
Games and Economic Behavior, 2009zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Grilo, Isabel, Mertens, Jean-François
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Cournot’s Probabilistic Epistemology
2007From his earliest publications, Cournot broke from tradition with his predecessors in applying mathematical modelling to the social sphere. Consequently, he was the first to affirm the mathematization of social phenomena as an essential principle.
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Journal of Mathematical Economics, 2013
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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SSRN Electronic Journal, 2018
In this paper we provide necessary and sufficient conditions for the existence of a Cournot equilibrium when demand is rho-linear and firms are identical and produce under constant returns to scale. We focus on inelastic and convex demand which yields non concave profit functions. We show that equilibrium is unique and stable and yields well-behaved
Luis Carlos Corchhn Diaz +1 more
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In this paper we provide necessary and sufficient conditions for the existence of a Cournot equilibrium when demand is rho-linear and firms are identical and produce under constant returns to scale. We focus on inelastic and convex demand which yields non concave profit functions. We show that equilibrium is unique and stable and yields well-behaved
Luis Carlos Corchhn Diaz +1 more
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1989
Celebrating the 150th anniversary of Cournot's work, which Mark Blaug has characterized as 'a book that for sheer originality and boldness of conception has no equal in the history of economics thought', this volume focuses on the properties and uses of Cournot's model of competition among the few.
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Celebrating the 150th anniversary of Cournot's work, which Mark Blaug has characterized as 'a book that for sheer originality and boldness of conception has no equal in the history of economics thought', this volume focuses on the properties and uses of Cournot's model of competition among the few.
openaire +1 more source