Cournot equilibrium without apology: Existence and the Cournot inverse demand function

Isabel Grilo and Jean-François Mertens

Games and Economic Behavior, 2009, vol. 65, issue 1, 142-175

Abstract: In a multi-commodity framework with absence of wealth effects, we prove the existence of equilibrium for Cournot oligopoly, and that the concept is completely non-ambiguous. We also obtain a uniquely defined endogenous inverse demand function, depending only on the competitive sector.

Keywords: Duopoly; Oligopoly; Cournot; Equilibrium; Inverse; demand; Existence; Representative; consumer; Aggregation; Consumer; surplus; Wealth; effects; (absence; of; -) (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (2)

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Working Paper: Cournot equilibrium without apology: Existence and the Cournot inverse demand function (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:65:y:2009:i:1:p:142-175

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