Convolutional Neural Networks to signal currency crises: from the Asian financial crisis to the Covid crisis

Eric Avenel
Additional contact information
Eric Avenel: Univ Rennes, CNRS, CREM – UMR6211, F-35000 Rennes France

Economics Working Paper Archive (University of Rennes & University of Caen) from Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS

Abstract: The successive Cournot oligopoly model presented in Salinger (1988) is very popular in the literature on vertical relations. There is however a problem in this model, since the assumption of elastic supply on the intermediate market is inconsistent with the assumption that upstream firms choose their output before downstream firms place their orders. I show that dropping the assumption of elastic supply on the intermediate market and complementing the model with a well chosen allocation rule - the competitive rule of Cho and Tang (2014) - restores the validity of the results in Salinger (1988) and the subsequent contributions using the same model.

Keywords: Cournot competition; successive oligopoly; allocation rule. (search for similar items in EconPapers)
JEL-codes: L13 (search for similar items in EconPapers)
Date: 2024-06
New Economics Papers: this item is included in nep-big, nep-cmp, nep-ind and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ged.univ-rennes1.fr/nuxeo/site/esupversion ... 45-9676-0466c8561364 (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: https://EconPapers.repec.org/RePEc:tut:cremwp:2024-02

Ordering information: This working paper can be ordered from
CREM (UMR CNRS 6211) - Faculty of Economics, 7 place Hoche, 35065 Rennes Cedex - France

Access Statistics for this paper

More papers in Economics Working Paper Archive (University of Rennes & University of Caen) from Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS CREM (UMR CNRS 6211) – Faculty of Economics, 7 place Hoche, 35065 RENNES Cedex. Contact information at EDIRC.
Bibliographic data for series maintained by GERMAIN Lucie ().