Title: A GENERAL CHARACTERIZATION OF MULTIPRODUCT COURNOT COMPETITION
Abstract: ABSTRACT The problem of oligopolistic competition between multiproduct firms is analysed using a general framework, where a given number of firms have access to the same technology, and play a Cournot game, by simultaneously choosing a quantity vector. Conditions guaranteeing the symmetry of the Cournot equilibrium are sought. The results obtained are very general, and can be given a straightforward natural economic interpretation, essentially requiring convexity of the cost function and the ruling out of pathological demand functions.
Publication Year: 1994
Publication Date: 1994-04-01
Language: en
Type: article
Indexed In: ['crossref']
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Cited By Count: 4
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