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Characterization Of Cournot Equilibria In A Market With Network Effects

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  • NAMHOON KWON

Abstract

Market equilibria are difficult to describe in markets with network effects because they often involve an upward sloping demand curve and/or multiple equilibria. In the framework of symmetric Cournot oligopoly, I investigate for a minimal set of conditions and thus extend the standard equilibrium analysis by Amir (Games and Economic Behavior, Vol. 15 (1996), pp. 132–148) and Amir and Lambson (Review of Economic Studies, Vol. 67 (2000), pp. 235–254) to these kinds of markets.

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  • Namhoon Kwon, 2007. "Characterization Of Cournot Equilibria In A Market With Network Effects," Manchester School, University of Manchester, vol. 75(2), pages 151-159, March.
    • Handle: RePEc:bla:manchs:v:75:y:2007:i:2:p:151-159
    DOI: 10.1111/j.1467-9957.2007.01008.x
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    References listed on IDEAS

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    1. Nicholas Economides & Charles Himmelberg, 1995. "Critical Mass and Network Size with Application to the US Fax Market," Working Papers 95-11, New York University, Leonard N. Stern School of Business, Department of Economics.
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    Cited by:

    1. Amir, Rabah & Lazzati, Natalia, 2011. "Network effects, market structure and industry performance," Journal of Economic Theory, Elsevier, vol. 146(6), pages 2389-2419.

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