منابع مشابه
Profit loss in Cournot oligopolies
We consider a Cournot oligopoly model where multiple suppliers (oligopolists) compete by choosing quantities. We compare the aggregate profit achieved at a Cournot equilibrium to the maximum possible, which would be obtained if the suppliers were to collude. We establish a lower bound on the profit of Cournot equilibria in terms of a scalar parameter derived from the inverse demand function and...
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Cournot and Bertrand oligopolies constitute the two most prevalent models of firm competition. The analysis of Nash equilibria in each model reveals a unique prediction about the stable state of the system. Quite alarmingly, despite the similarities of the two models, their projections expose a stark dichotomy. Under the Cournot model, where firms compete by strategically managing their output ...
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ژورنال
عنوان ژورنال: Operations Research Letters
سال: 2013
ISSN: 0167-6377
DOI: 10.1016/j.orl.2013.04.012