In a homogeneous oligopoly, under standard regularity conditions, we prove that the Cournot–Nash equilibrium emerges under price competition and Cournot conjectures. We illustrate this result also under exogenous product differentiation.
Flavio Delbono, Luca Lambertini (2018). Cournot conjectures under price competition. INTERNATIONAL JOURNAL OF ECONOMIC THEORY, 14, 295-301 [10.1111/ijet.12159].
Cournot conjectures under price competition
Flavio Delbono;Luca Lambertini
2018
Abstract
In a homogeneous oligopoly, under standard regularity conditions, we prove that the Cournot–Nash equilibrium emerges under price competition and Cournot conjectures. We illustrate this result also under exogenous product differentiation.File in questo prodotto:
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