Teaching Cournot without Derivatives
A simple technique for teaching the Cournot model to first year students is presented. The approach involves convincing the students that out of all rectangles with a common circumference, the square has the greatest area. No use is made of derivatives. The same approach can be used to understand some other market forms.
|Date of creation:||13 Sep 1999|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, Stockholm, S-106 91 Stockholm, Sweden|
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