Title: Existence and Stability of the Cournot Oligopoly Solution(or Equilibrium)
Abstract: One of the most well-known models of oligopoly with or without product differentiation is that of A.Cournot(1838), an early French mathematical economist. According to Cournot, each firm in any oligopolistic industry determines its optimal profit maximizing output in any period on the naive assumption that all of its rivals’ outputs will remain at the same levels as in the immediately preceding period.
Publication Year: 1976
Publication Date: 1976-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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