Cournot Competition and Endogenous Firm Size
We study the dynamics of firm size in a repeated Cournot game with unkown demand function. We model the firm as a type of artificial neural network. Each period it must learn to map environmental signals to both demand parameters and its rival's output choice. But this learning game is in the background, and we focus on the endogenous adjustment of network size. We investigate the long-run behavior of firm/network size as a function of profits, rival's size, and the type of adjustment rules used.
|Date of creation:||Jan 2005|
|Contact details of provider:|| Postal: 360 Dr. Martin Luther King, Jr. Blvd., Newark, NJ 07102|
Phone: (973) 353-5259
Web page: http://www.ncas.rutgers.edu/economics
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Radner, Roy, 1993. "The Organization of Decentralized Information Processing," Econometrica, Econometric Society, vol. 61(5), pages 1109-1146, September.
- Barr, Jason & Saraceno, Francesco, 2002. "A computational theory of the firm," Journal of Economic Behavior & Organization, Elsevier, vol. 49(3), pages 345-361, November.
- Nickell, Stephen J, 1996.
"Competition and Corporate Performance,"
Journal of Political Economy,
University of Chicago Press, vol. 104(4), pages 724-746, August.
- Jason Barr & Francesco Saraceno, 2004.
"Organization, Learning and Cooperation,"
- Jason Barr & Francesco Saraceno, 2004. "Organization, Learning and Cooperation," Computational Economics 0402001, EconWPA.
- Jason Barr & Francesco Saraceno, 2004. "Organization, Learning and Cooperation," Sciences Po publications 2004-001, Sciences Po.
- Jason Barr & Francesco Saraceno, 2009. "Organization, learning and cooperation," Sciences Po publications info:hdl:2441/9832, Sciences Po.
- Jason Barr & Francesco Saraceno, 2009. "Organization, learning and cooperation," Post-Print hal-01052800, HAL.
- Jovanovic, Boyan, 1982. "Selection and the Evolution of Industry," Econometrica, Econometric Society, vol. 50(3), pages 649-670, May.
- Evans, David S, 1987.
"Tests of Alternative Theories of Firm Growth,"
Journal of Political Economy,
University of Chicago Press, vol. 95(4), pages 657-674, August.
- Stephen J. DeCanio & William E. Watkins, "undated".
"Information Processing and Organizational Structure,"
Computing in Economics and Finance 1997
163, Society for Computational Economics.
- DeCanio, Stephen J. & Watkins, William E., 1998. "Information processing and organizational structure," Journal of Economic Behavior & Organization, Elsevier, vol. 36(3), pages 275-294, August.
- Chang, Myong-Hun & Harrington, Joseph Jr., 2006.
"Agent-Based Models of Organizations,"
Handbook of Computational Economics,
in: Leigh Tesfatsion & Kenneth L. Judd (ed.), Handbook of Computational Economics, edition 1, volume 2, chapter 26, pages 1273-1337
- Alfred D. Chandler, 1969. "Strategy and Structure: Chapters in the History of the American Industrial Enterprise," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530090, September.
- Martin Currie & Stan Metcalfe, 2001. "Firm routines, customer switching and market selection under duopoly," Journal of Evolutionary Economics, Springer, vol. 11(4), pages 433-456.
- Barr, Jason & Saraceno, Francesco, 2005. "Cournot competition, organization and learning," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 277-295, January.
- Philippe Mathieu & Bruno Beaufils & Olivier Brandouy, 2005. "Artificial Economics," Post-Print hal-00826572, HAL.
- Jan W. Rivkin & Nicolaj Siggelkow, 2003. "Balancing Search and Stability: Interdependencies Among Elements of Organizational Design," Management Science, INFORMS, vol. 49(3), pages 290-311, March.
When requesting a correction, please mention this item's handle: RePEc:run:wpaper:2005-001. 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: (Vlad Manole)
If references are entirely missing, you can add them using this form.