Computing Cournot equilibrium through maximization over prices
نویسندگان
چکیده
منابع مشابه
Computing Cournot Equilibrium through Maximization over Prices∗
This paper presents an alternative characterization of internal Cournot equilibrium based on the first-order conditions corresponding to profit maximization over prices. This characterization is particularly useful when the market is described in terms of demand functions (rather than inverse-demand functions). A significant computational advantage is gained in homogeneous good cases as demand ...
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In this paper, we respecify à la Cournot-Walras the mixed version of a model of noncooperative exchange, originally proposed by Lloyd S. Shapley. We first show that this respecification has a Cournot-Walras equilibrium allocation, which does not correspond to any CournotNash equilibrium of the mixed version of the original Shapley’s model. As this is due to the intrinsic two-stage nature of the...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2009
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2009.06.001