COURNOT OLIGOPOLY WITH "ALMOST" IDENTICAL CONVEX COSTS

Nikolai Kukushkin ()

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: M. McManus has shown that a Cournot equilibrium among identical quantity-setting firms with a convex cost function always exists, whatever the inverse demand function. Here the result is extended in two directions: Firstly, the firms may differ in their production capacity. Secondly, the theorem remains valid for a discrete version of the Cournot model where all the outputs are integers.

Pages: 50 pages
Date: 1993-07
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1993-07

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