CHANGES IN DEMAND FUNCTION IN COURNOT OLIGOPOLY

Koji Okuguchi and Ferenc Szidarovszky

Pacific Economic Review, 2005, vol. 10, issue 3, 371-378

Abstract: Abstract. The effects of change in the market (inverse) demand function are systematically analysed for Cournot oligopoly without product differentiation. The general comparative‐static results are stated using the original data on firms’ cost functions and inverse demand function. Three special models are examined in light of our results. The stability condition is shown to be insufficient for determinate comparative statics.

Date: 2005
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