Cournot Equilibrium Uniqueness: At 0 Discontinuous Industry Revenue and Decreasing Price Flexibility
2019 ◽
Vol 21
(02)
◽
pp. 1940010
◽
Keyword(s):
We consider the equilibrium uniqueness problem for a large class of Cournot oligopolies with convex cost functions and a proper price function [Formula: see text] with decreasing price flexibility. This class allows for (at [Formula: see text]) discontinuous industry revenue and in particular for [Formula: see text]. The paper illustrates in an exemplary way the Selten–Szidarovszky technique based on virtual backward reply functions. An algorithm for the calculation of the unique equilibrium is provided.
2013 ◽
Vol 52
◽
pp. 55-67
◽
2003 ◽
Vol 292
(1)
◽
pp. 145-164
◽
1994 ◽
Vol 42
(8)
◽
pp. 1952-1960
◽