Stability of the Cournot equilibrium for a Cournot oligopoly model with n competitors

Marek Lampart

Chaos, Solitons & Fractals, 2012, vol. 45, issue 9, 1081-1085

Abstract: In this paper a Cournot-like model is constructed with an iso-elastic demand function for n competitors. The Cournot equilibrium is constructed for general constant unit costs. Finally, it is proved that for identical unit costs the Cournot point is a sink for two or three competitors and a saddle for more than four players.

Date: 2012
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:45:y:2012:i:9:p:1081-1085

DOI: 10.1016/j.chaos.2012.05.007

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