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.
Cournot conjectures under price competition / Flavio Delbono; Luca Lambertini. - In: INTERNATIONAL JOURNAL OF ECONOMIC THEORY. - ISSN 1742-7355. - STAMPA. - 14:(2018), pp. 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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