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Cournot conjectures under price competition
Author(s) -
Delbono Flavio,
Lambertini Luca
Publication year - 2018
Publication title -
international journal of economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 11
eISSN - 1742-7363
pISSN - 1742-7355
DOI - 10.1111/ijet.12159
Subject(s) - cournot competition , economics , oligopoly , homogeneous , product differentiation , competition (biology) , bertrand paradox (economics) , mathematical economics , microeconomics , bertrand competition , product (mathematics) , mathematics , ecology , biology , geometry , combinatorics
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.