Cournot conjectures under price competition

In a homogeneous oligopoly, under standard regularity conditions, we prove that the Cournot–Nash equilibrium emerges under price competition and Cournot conjectures. We illustrate this result also under exogenous product differentiation.

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Bibliographische Detailangaben
Veröffentlicht in:	International journal of economic theory 2018-12, Vol.14 (4), p.295-301
Hauptverfasser:	Delbono, Flavio, Lambertini, Luca
Format:	Artikel
Sprache:	eng
Schlagworte:	Competition Cournot equilibrium Differentiation Economic models Oligopoly price competition Product differentiation Regularity
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Beschreibung
Zusammenfassung:	In a homogeneous oligopoly, under standard regularity conditions, we prove that the Cournot–Nash equilibrium emerges under price competition and Cournot conjectures. We illustrate this result also under exogenous product differentiation.
ISSN:	1742-7355 1742-7363
DOI:	10.1111/ijet.12159