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Existence and Uniqueness of Equilibrium in Labor-Managed Cournot Oligopoly

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Author Info
Koji Okuguchi () (Gifu Shotoku Gakuen University)
Ferenc Szidarovszky () (University of Arizona)
Abstract

Labor-managed Cournot oligopoly with or without product differentiation is analyzed. First, the existence of Cournot equilibrium which is not necessarily unique is proved under general conditions based on the Brouwer fixed point theorem, which does not provide a direct computer method for finding the equilibrium. Second, a constructive proof of finding the unique equilibrium is presented for Cournot labor-managed oligopoly without product differentiation.

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File URL: http://www.rivistapoliticaeconomica.it/2007/mag_giu/okuguki_szydarowski.php
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Publisher Info
Article provided by SIPI Spa in its journal Rivista di Politica Economica.

Volume (Year): 97 (2007)
Issue (Month): 3 (May-June)
Pages: 9-16
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:rpo:ripoec:v:97:y:2007:i:3:p:9-16

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Find related papers by JEL classification:
L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
P13 - Economic Systems - - Capitalist Systems - - - Cooperative Enterprises

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This page was last updated on 2009-12-11.

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