Computing Cournot equilibrium through maximization over prices

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• 作者：Hakan Orbay
• 关键词：Cournot equilibrium
• 刊名：Economics Letters
• 出版年：2009
• 出版时间：October 2009
• 年：2009
• 卷：105
• 期：1
• 页码：71-73
• 全文大小：166 K

文摘

This paper presents a characterization of internal Cournot equilibrium based on first-order conditions corresponding to profit maximization over prices. This characterization may yield significant computational advantage as demand functions need not be inverted and simple first-order conditions are obtained.