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Computing Cournot equilibrium through maximization over prices

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  • Orbay, Hakan

Abstract

This paper presents a characterization of internal Cournot equilibrium based on first-order conditions corresponding to profit maximization over prices. This characterization may yield significant computational advantage as demand functions need not be inverted and simple first-order conditions are obtained.

Suggested Citation

  • Orbay, Hakan, 2009. "Computing Cournot equilibrium through maximization over prices," Economics Letters, Elsevier, vol. 105(1), pages 71-73, October.
  • Handle: RePEc:eee:ecolet:v:105:y:2009:i:1:p:71-73
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    References listed on IDEAS

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    Keywords

    Cournot equilibrium;

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