Cournot Competition

Andrew F Daughety ()

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

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)
New Economics Papers: this item is included in nep-com, nep-ind and nep-mic
Date: 2006-10
View list of references

Downloads: (external link)
http://www.vanderbilt.edu/Econ/wparchive/workpaper/vu06-w20.pdf First version, 2006 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:van:wpaper:0620

Access Statistics for this paper

More papers in Working Papers from Department of Economics, Vanderbilt University
Contact information at EDIRC.
Series data maintained by Diana Weymark ().