Existence and Uniqueness of Equilibrium in Labor-Managed Cournot Oligopoly
Labor-managed Cournot oligopoly with or without product differentiation is analyzed. First, the existence of Cournot equilibrium which is not necessarily unique is proved under general conditions based on the Brouwer fixed point theorem, which does not provide a direct computer method for finding the equilibrium. Second, a constructive proof of finding the unique equilibrium is presented for Cournot labor-managed oligopoly without product differentiation.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 97 (2007)
Issue (Month): 3 (May-June)
|Contact details of provider:|| |
When requesting a correction, please mention this item's handle: RePEc:rpo:ripoec:v:97:y:2007:i:3:p:9-16. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabrina Marino)
If references are entirely missing, you can add them using this form.