منابع مشابه
Two Remarks on Cournot Equilibria
Making the weak assumption that the left-hand side of this equation is downward sloping, there will be a unique Y that solves this equation, which depends only on the sum of the marginal costs, not on their distribution across the firms. The observation that output and price in a Cournot industry is independent of the distribution of marginal costs has undoubtably been noted and used several ti...
متن کاملOn Cournot - Nash Equilibria with Exogenous Uncertainty
A large body of literature has accumulated which examines how the optimal solution of an agent maximizing the expectation of a real-valued function, depending on a random parameter p and the agent's behavior x, reacts to perturbations in the first and second moments of p. Here, by an approximation valid for small uncertainty, we allow many agents and consider their behavior in a Cournot-Nash eq...
متن کاملOn Cournot Equilibria in Electricity Transmission Networks
We consider electricity pool markets in radial transmission networks in which the lines have capacities. At each node there is a strategic generator injecting generation quantities into the pool. Prices are determined by a linear competitive fringe at each node (or equivalently a linear demand function) through a convex dispatch optimization. We derive a set of linear inequalities satisfied by ...
متن کاملCournot equilibria in two-settlement electricity markets with system contingencies
We study Nash equilibrium in two-settlement competitive electricity markets with horizontal market power, flow congestion, demand uncertainties and probabilistic system contingencies. The equilibrium is formulated as a stochastic Equilibrium Problem with Equilibrium Constraints (EPEC) in which each firm solves a stochastic Mathematical Program with Equilibrium Constraints (MPEC). We assume a no...
متن کاملOn Solutions to Cournot-nash Equilibria Equations on the Sphere
In this note, we discuss equations associated to Cournot-Nash Equilibria as put forward by Blanchet and Carlier [1]. These equations are related to an optimal transport problem in which the source measure is known but the target measure is to be determined. A Cournot-Nash Equilibrium is a special type of optimal transport: Each individual x is transported to a point T (x) in a way that not only...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 1985
ISSN: 0165-1765
DOI: 10.1016/0165-1765(85)90091-6