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Cournot Oligopoly With "Almost" Identical Convex Costs

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Listed author(s):
  • Nikolai S. Kukushkin

    ()

    (Institution of Russian Academy of Sciences)

Abstract

M. McManus has shown that a Cournot equilibrium among identical quantity-setting firms with a convex cost function always exists, whatever the inverse demand function. Here the result is extended in two directions: Firstly, the firms may differ in their production capacity. Secondly, the theorem remains valid for a discrete version of the Cournot model where all the outputs are integers.

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File URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-1993-07.pdf
File Function: Fisrt version / Primera version, 1993
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Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1993-07.

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Length: 50 pages
Date of creation: Jul 1993
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasad:1993-07
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  1. Begoña Subiza Martínez & Carmen Herrero Blanco, 1991. "A characterization of acyclic preferences on countable sets," Working Papers. Serie AD 1991-01, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  2. William Novshek, 1985. "On the Existence of Cournot Equilibrium," Review of Economic Studies, Oxford University Press, vol. 52(1), pages 85-98.
  3. Milgrom, Paul & Shannon, Chris, 1994. "Monotone Comparative Statics," Econometrica, Econometric Society, vol. 62(1), pages 157-180, January.
  4. Herrero, Carmen & Villar, Antonio, 1991. "Vector mappings with diagonal images," Mathematical Social Sciences, Elsevier, vol. 22(1), pages 57-67, August.
  5. Mirman, Leonard J & Samuelson, Larry & Urbano, Amparo, 1993. "Monopoly Experimentation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(3), pages 549-563, August.
  6. Antonio Villar Notario, 1991. "A "Classical" General Equilibrium Model," Working Papers. Serie AD 1991-11, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  7. Marhuenda, F, 1995. "Distribution of Income and Aggregation of Demand," Econometrica, Econometric Society, vol. 63(3), pages 647-666, May.
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Cited by:

  1. Carmen Bevi?Author-Email: Carmen.Bevia@uab.es & Luis C. Corch?n & Simon Wilkie, "undated". "Implementation of the Walrasian Correspondence by Market Games," UFAE and IAE Working Papers 493.01, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  2. José Alcalde, 1994. "Exchange-proofness or divorce-proofness? Stability in one-sided matching markets," Review of Economic Design, Springer;Society for Economic Design, vol. 1(1), pages 275-287, December.
  3. Miguel González-Maestre, 1993. "Divisionalization In Markets With Hetergeneous Goods," Working Papers. Serie AD 1993-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  4. Vega-Redondo, Fernando, 1997. "Shaping long-run expectations in problems of coordination," European Journal of Political Economy, Elsevier, vol. 13(4), pages 783-806, December.
  5. Fernando Vega Redondo, 1993. "Industrial Dynamics, Path-Dependence And Technological Change," Working Papers. Serie AD 1993-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

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