Cournot Oligopoly: Characterization and Applications

Cournot Oligopoly: Characterization and Applications

by Andrew F. Daughety

This volume focuses on the properties and uses of Cournot's model of competition among the few.See more details below


This volume focuses on the properties and uses of Cournot's model of competition among the few.

Product Details

Cambridge University Press
Publication date:
Product dimensions:
5.98(w) x 8.98(h) x 1.14(d)

Table of Contents

Preface; Part 1. Introduction: 1. Introduction, purpose, and overview Andrew F. Daughety; Part II. Background: 2. Of the competition of producers Augustin Cournot (translation by Nathanial T. Bacon); 3. Review of Walras's Théorie mathématique de la richesse sociale and Cournot's Reserches sur les principles mathématiques de la théorie des richesses Joseph Bertrand (translation by James W. Friedman); 4. Non-cooperative games John Nash; Part III. Examining Cournot's Model: 5. On the existence of Cournot equilibrium William Novshek; 6. Collusive behavior in non-cooperative epsilon-equilibria of oligopolies with long but finite lives Roy Radner; 7. A non-cooperative equilibrium for supergames James W. Friedman; 8. Reconsidering Cournot: the Cournot equilibrium is consistent Andrew F. Daughety; 9. An experimental test of the consistent-conjectures hypothesis Charles A. Holt; 10. Quantity precommitment and Bertrand competition yield Cournot outcomes David M. Kreps and José A. Scheinkman; 11. On the efficiency of Bertrand and Cournot equilibria with product differentiation Xavier Vives; 12. Price competition vs. quantity competition: the role of uncertainty Paul Klemperer and Margaret Meyer; Part IV. Applications: 13. Cournot and Walras equilibrium William Novshek and Hugo Sonnenschein; 14. Duopoly information equilibrium: Cournot and Bertrand Xavier Vives; 15. Information transmission - Cournot and Bertrand equilibria Esther Gal-Or; 16. Uncertainty resolution, private information aggregation, and the Cournot competitive limit Thomas R. Palfrey; 17. Losses from horizontal merger: the effects of an exogenous change in industry structure on Cournot-Nash equilibrium Stephen W. Salant, Sheldon Switzer, and Robert J. Reynolds; 18. Delegation and the theory of the firm John Vickers; 19. A study of cartel stability: the Joint Executive Committee, 1880–1886 Robert H. Porter; 20. Oligopoly and financial structure: the limited liability effect James A. Brander and Tracy R. Lewis.

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