IDEAS home Printed from https://ideas.repec.org/p/hal/spmain/hal-03597732.html
   My bibliography  Save this paper

Cournot Competition, Organization and Learning

Author

Listed:
  • Ray Barrell

    (NIESR - Research Centre of the National Institute of Economic and Social Research - National Institute of Economic and Social Research)

  • Francesco Saraceno

    (OFCE - Observatoire français des conjonctures économiques (Sciences Po) - Sciences Po - Sciences Po)

Abstract

We model firms' output decisions in a repeated duopoly frameworkfocusing on three interrelated issues: (1) the role of learningin the adjustment process toward equilibrium, (2) the role of organizationalstructure in the firm's decision making, and (3) the role ofchanging environmental conditions on learning and output decisions.We characterize the firm as a type of artificial neural network, whichmust estimate its optimal output decision based on signals it receivesfrom the economic environment (which influences the demand function).Via simulation analysis we show: (1) how organizations learn toestimate the optimal output over time as a function of the environmentaldynamics; (2) which networks are optimal for each environmentalcomplexity, and (3) the equilibrium industry structure.

Suggested Citation

  • Ray Barrell & Francesco Saraceno, 2005. "Cournot Competition, Organization and Learning," SciencePo Working papers Main hal-03597732, HAL.
    • Handle: RePEc:hal:spmain:hal-03597732
    DOI: 10.1016/j.jedc.2003.07.003
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James Fain, 2023. "Should retail stores locate close to a rival?," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 18(1), pages 129-162, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:spmain:hal-03597732. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Contact - Sciences Po Departement of Economics (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.