Computing Cournot equilibrium through maximization over prices

Hakan Orbay ()

Economics Letters, 2009, vol. 105, issue 1, pages 71-73

Abstract: 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.

Keywords: Cournot; equilibrium (search for similar items in EconPapers)
Date: 2009

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Persistent link: http://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:1:p:71-73

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