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Geometry of Cournot-Nash Equilibrium with Application to Commons and Anticommons

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  • Antonio D'Agata

Abstract

The author develops a simple geometric analysis of Cournot-Nash equilibrium in the price-quantity space by exploiting the economic content of the first-order condition. The approach makes it clear that strategic interdependency in oligopoly originates from externalities among producers. This explains why cartels are unstable and casts oligopoly within the more general commons-anticommons framework.

Suggested Citation

  • Antonio D'Agata, 2010. "Geometry of Cournot-Nash Equilibrium with Application to Commons and Anticommons," The Journal of Economic Education, Taylor & Francis Journals, vol. 41(2), pages 169-176, March.
  • Handle: RePEc:taf:jeduce:v:41:y:2010:i:2:p:169-176 DOI: 10.1080/00220481003617277
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    References listed on IDEAS

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    1. Stefan Szymanski & Stefan KÈsenne, 2004. "Competitive balance and gate revenue sharing in team sports," Journal of Industrial Economics, Wiley Blackwell, vol. 52(1), pages 165-177, March.
    2. Daniel R. Marburger, 1997. "Gate Revenue Sharing And Luxury Taxes In Professional Sports," Contemporary Economic Policy, Western Economic Association International, vol. 15(2), pages 114-123, April.
    3. Stefan KÉsenne, 2004. "Competitive Balance and Revenue Sharing," Journal of Sports Economics, , vol. 5(2), pages 206-212, May.
    4. Stefan Szymanski, 2006. "Tilting the Playing Field: Why a sports league planner would choose less, not more, competitive balance," Working Papers 0620, International Association of Sports Economists;North American Association of Sports Economists.
    5. J. Kornai & E. Maskin & G. Roland., 2004. "Understanding the Soft Budget Constraint," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
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