Asymptotic relations in Cournot's game

Marco Guerrazzi

MPRA Paper from University Library of Munich, Germany

Abstract: In this note, I derive the asymptotic relation verified by oligopolists' iso-profit curves within Cournot's game. Thereafter, I provide an economic rationale for such a mathematical relation. The results of this exploration suggest that for each firm the asymptotes of the iso-profit curves convey the boundaries beyond which output competitors become net purchasers of the good supplied in the market.

Keywords: Cournot's Game; Nash Equilibrium; Asymptotes (search for similar items in EconPapers)
JEL-codes: C72 (search for similar items in EconPapers)
Date: 2012-11
New Economics Papers: this item is included in nep-com, nep-gth, nep-hpe and nep-ind
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