Tidying up the successive Cournot oligopoly model

Eric Avenel ()
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Eric Avenel: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: After describing the inconsistency at the heart of the successive Cournot oligopoly model introduced by Salinger (1988), I show that plugging the competitive allocation rule of Cho and Tang (2014) into the model restores its consistency, while leading to equilibrium values identical to the values obtained in Salinger (1988).

Keywords: Cournot competition; Successive oligopoly; Allocation rule; L13 (search for similar items in EconPapers)
Date: 2026
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Published in Ricerche Economiche, 2026, 80 (3), pp.101169. ⟨10.1016/j.rie.2026.101169⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05758764

DOI: 10.1016/j.rie.2026.101169

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