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Cournot Oligopoly With "Almost" Identical Convex Costs

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  • Nikolai S. Kukushkin

    ()
    (Institution of Russian Academy of Sciences)

Abstract

M. McManus has shown that a Cournot equilibrium among identical quantity-setting firms with a convex cost function always exists, whatever the inverse demand function. Here the result is extended in two directions: Firstly, the firms may differ in their production capacity. Secondly, the theorem remains valid for a discrete version of the Cournot model where all the outputs are integers.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-1993-07.pdf
File Function: Fisrt version / Primera version, 1993
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Bibliographic Info

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1993-07.

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Length: 50 pages
Date of creation: Jul 1993
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Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:1993-07

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References

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  1. Mirman, Leonard J & Samuelson, Larry & Urbano, Amparo, 1993. "Monopoly Experimentation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(3), pages 549-63, August.
  2. Antonio Villar Notario, 1991. "A "Classical" General Equilibrium Model," Working Papers. Serie AD 1991-11, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  3. Antonio Villar Notario & Carmen Herrero Blanco, 1990. "Vector mappings with diagonal images," Working Papers. Serie AD 1990-01, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Milgrom, P. & Shannon, C., 1991. "Monotone Comparative Statics," Papers 11, Stanford - Institute for Thoretical Economics.
  5. Novshek, William, 1985. "On the Existence of Cournot Equilibrium," Review of Economic Studies, Wiley Blackwell, vol. 52(1), pages 85-98, January.
  6. Marhuenda, F, 1995. "Distribution of Income and Aggregation of Demand," Econometrica, Econometric Society, vol. 63(3), pages 647-66, May.
  7. Begoña Subiza Martínez & Carmen Herrero Blanco, 1991. "A characterization of acyclic preferences on countable sets," Working Papers. Serie AD 1991-01, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
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Cited by:
  1. José Alcalde, 1995. "Exchange-Proofness or Divorce-Proofness? Stability in One-Sided Matching Markets," Working Papers. Serie AD 1995-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. Fernando Vega Redondo, 1993. "Industrial Dynamics, Path-Dependence And Technological Change," Working Papers. Serie AD 1993-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  3. Luis Corchón & Simon Wilkie, 1995. "Implementation Of The Walrasian Correspondence By Market Games," Working Papers. Serie AD 1995-02, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Fernando Vega Redondo, 1993. "Shaping Long-Run Expectations In Problems Of Coordination," Working Papers. Serie AD 1993-05, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  5. Miguel González-Maestre, 1993. "Divisionalization In Markets With Hetergeneous Goods," Working Papers. Serie AD 1993-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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