Cournot Competition

Andrew Daughety

No 620, Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics

Abstract: Cournot's 1838 model of strategic interaction between competing firms has become the primary workhorse for the analysis of imperfect competition, and shows up in a variety of fields, notably industrial organization and international trade. This entry begins with a tour of the basic Cournot model and its properties, touching on existence, uniqueness, stability, and efficiency; this discussion especially emphasizes considerations involved in using the Cournot model in multi-stage applications. A discussion of recent applications is provided as well as the URL for an extended bibliography of approximately 125 selected publications from 2001 through 2005.

Keywords: Cournot models; Cournot equilibrium; oligopoly; multi-stage models of competition; best-response functions. (search for similar items in EconPapers)
JEL-codes: D43 (search for similar items in EconPapers)
Date: 2006-10
New Economics Papers: this item is included in nep-com, nep-ind and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:van:wpaper:0620

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