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exposita notes : A new look for Stackelberg-Cournot equilibria in oligopolistic markets

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Author Info
Jacqueline Morgan () (Dipartimento di Matematica e Statistica, Università di Napoli Federico II, V. Cintia, 80126 Napoli, ITALY)
Lina Mallozzi () (Dipartimento di Matematica e Applicazioni, Università di Napoli Federico II, V. Claudio, 21, 80125 Napoli, ITALY)
Sjur D. Flåm () (Department of Economics, University of Bergen 5007, NORWAY)

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Abstract

This note deals with Cournot type oligopolies in which the market clearing price occasionally may be non-unique. A Stackelberg leading producer is present. Given that setting we explore continuity properties of the followers' reaction and provide sufficient conditions for existence of equilibrium.

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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 20 (2002)
Issue (Month): 1 ()
Pages: 183-188
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Handle: RePEc:spr:joecth:v:20:y:2002:i:1:p:183-188

Note: Received: June 20, 2000; revised version: April 24, 2001
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Related research
Keywords: Cournot oligopoly; Stackelberg solutions; Nash equilibrium; closed correspondences.;

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games

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This page was last updated on 2009-11-25.

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