Cournot Retrouvé under Price or Supply Function Competition

Delbono, Flavio ; Lambertini, Luca (2015) Cournot Retrouvé under Price or Supply Function Competition. Bologna: Dipartimento di Scienze economiche DSE, p. 18. DOI 10.6092/unibo/amsacta/4231. In: Quaderni - Working Paper DSE (1003). ISSN 2282-6483.
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Abstract

This paper aims at participating in the long-lasting debate about the analytical foundations of the Cournot equilibrium. In a homogeneous oligopoly, under standard regularity conditions, we prove that Cournot-Nash emerges both under (i) price competition and Cournot conjectures; and (ii) supply function competition with ex post market clearing. We demonstrate both results within a model of exogenous product differentiation.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Delbono, Flavio
Lambertini, Luca
Keywords
supply function, price competition, quantity competition
Subjects
ISSN
2282-6483
DOI
Deposit date
20 Apr 2015 08:28
Last modified
20 Apr 2015 08:28
URI

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