An Economical Model For Dumping by Dumping in a Cournot Model

Author(s):  
Nilanjan Banik ◽  
Fernanda A. Ferreira ◽  
J. Martins ◽  
Alberto A. Pinto
Keyword(s):  
2020 ◽  
Vol 20 (2) ◽  
Author(s):  
Stefanos Leonardos ◽  
Costis Melolidakis

AbstractWe revisit the linear Cournot model with uncertain demand that is studied in Lagerlöf (2006. “Equilibrium Uniqueness in a Cournot Model with Demand Uncertainty.” The B.E. Journal of Theoretical Economics 6, no. 1. (Topics), Article 19: 1–6.) and provide sufficient conditions for equilibrium uniqueness that complement the existing results. We show that if the distribution of the demand intercept has the decreasing mean residual demand (DMRD) or the increasing generalized failure rate (IGFR) property, then uniqueness of equilibrium is guaranteed. The DMRD condition implies log-concavity of the expected profits per unit of output without additional assumptions on the existence or the shape of the density of the demand intercept and, hence, answers in the affirmative the conjecture of Lagerlöf (2006. “Equilibrium Uniqueness in a Cournot Model with Demand Uncertainty.” The B.E. Journal of Theoretical Economics 6, no. 1. (Topics), Article 19: 1–6.) that such conditions may not be necessary.


Mathematics ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 452
Author(s):  
Antonio Linero-Bas ◽  
María Muñoz-Guillermo

Given a continuous Cournot map F(x,y)=(f2(y),f1(x)) defined from I2=[0,1]×[0,1] into itself, we give a full description of its ω-limit sets with non-empty interior. Additionally, we present some partial results for the empty interior case. The distribution of the ω-limits with non-empty interior gives information about the dynamics and the possible outputs of each firm in a Cournot model. We present some economic models to illustrate, with examples, the type of ω-limits that appear.


2009 ◽  
Vol 1 (1) ◽  
pp. 1772-1776
Author(s):  
Liang Zhao ◽  
Xiao-ping Wei ◽  
Xue-hong Quan

1986 ◽  
Vol 40 (2) ◽  
pp. 283-303 ◽  
Author(s):  
Gabrielle Demange
Keyword(s):  

2015 ◽  
Vol 136 ◽  
pp. 171-174
Author(s):  
Miguel Aramendia ◽  
Quan Wen
Keyword(s):  

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