Computing Cournot equilibrium through maximization over prices
AbstractThis paper presents a characterization of internal Cournot equilibrium based on first-order conditions corresponding to profit maximization over prices. This characterization may yield significant computational advantage as demand functions need not be inverted and simple first-order conditions are obtained.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 105 (2009)
Issue (Month): 1 (October)
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Web page: http://www.elsevier.com/locate/ecolet
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