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Cournot equilibrium without apology: Existence and the Cournot inverse demand function

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  • Grilo, Isabel
  • Mertens, Jean-François

Abstract

In a multi-commodity framework with absence of wealth effects, we prove the existence of equilibrium for Cournot oligopoly, and that the concept is completely non-ambiguous. We also obtain a uniquely defined endogenous inverse demand function, depending only on the competitive sector.

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  • Grilo, Isabel & Mertens, Jean-François, 2009. "Cournot equilibrium without apology: Existence and the Cournot inverse demand function," Games and Economic Behavior, Elsevier, vol. 65(1), pages 142-175, January.
    • Handle: RePEc:eee:gamebe:v:65:y:2009:i:1:p:142-175
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    Cited by:

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    2. Cui, Herui & Wei, Pengbang, 2017. "Analysis of thermal coal pricing and the coal price distortion in China from the perspective of market forces," Energy Policy, Elsevier, vol. 106(C), pages 148-154.

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