Asymptotic relations in Cournot's game
AbstractIn this note, I derive the asymptotic relation verified by oligopolists' iso-profit curves within Cournot's game. Thereafter, I provide an economic rationale for such a mathematical relation. The results of this exploration suggest that for each firm the asymptotes of the iso-profit curves convey the boundaries beyond which output competitors become net purchasers of the good supplied in the market.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 42761.
Date of creation: Nov 2012
Date of revision:
Cournot's Game; Nash Equilibrium; Asymptotes;
Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-12-10 (All new papers)
- NEP-COM-2012-12-10 (Industrial Competition)
- NEP-GTH-2012-12-10 (Game Theory)
- NEP-HPE-2012-12-10 (History & Philosophy of Economics)
- NEP-IND-2012-12-10 (Industrial Organization)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mayer, T., 1999.
"Spatial Cournot Competition and Heterogeneous Production Costs Across Locations,"
Papiers d'Economie MathÃÂ©matique et Applications
1999.89, UniversitÃ© PanthÃ©on-Sorbonne (Paris 1).
- Mayer, Thierry, 2000. "Spatial Cournot competition and heterogeneous production costs across locations," Regional Science and Urban Economics, Elsevier, vol. 30(3), pages 325-352, May.
- Guerrazzi, Marco, 2012. "On involuntary unemployment: notes on efficiency-wage competition," MPRA Paper 38140, University Library of Munich, Germany.
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