Existence and uniqueness of Cournot equilibrium: a contraction mapping approach
We provide sufficient conditions for existence and uniqueness of a Cournot equilibrium. The contraction mapping approach is used. Equilibrium is characterized in terms of marginal costs. The result is useful for applications to two-stage games, where, in the first stage, firms incur costs to manipulate their marginal costs of production. Cet article donne des conditions suffisantes pour l'existence et l'unicité de l'équilibre de Cournot. Notre résultat s'applique aux jeux de Cournot à deux étapes. Dans un premier temps, les firmes manipulent leurs coûts marginaux en choisissant un paramètre. Dans un deuxième temps, les firmes font la concurrence à la Cournot.
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- Szidarovszky, F & Yakowitz, S, 1977. "A New Proof of the Existence and Uniqueness of the Cournot Equilibrium," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(3), pages 787-89, October.
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