Existence and Uniqueness of Equilibrium in Labor-Managed Cournot Oligopoly

Koji Okuguchi () and Ferenc Szidarovszky ()
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Koji Okuguchi: Gifu Shotoku Gakuen University
Ferenc Szidarovszky: University of Arizona

Rivista di Politica Economica, 2007, vol. 97, issue 3, 9-16

Abstract: Labor-managed Cournot oligopoly with or without product differentiation is analyzed. First, the existence of Cournot equilibrium which is not necessarily unique is proved under general conditions based on the Brouwer fixed point theorem, which does not provide a direct computer method for finding the equilibrium. Second, a constructive proof of finding the unique equilibrium is presented for Cournot labor-managed oligopoly without product differentiation.

JEL-codes: L13 P13 (search for similar items in EconPapers)
Date: 2007
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