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CHARACTERIZATION OF COURNOT EQUILIBRIA IN A MARKET WITH NETWORK EFFECTS *
Author(s) -
KWON NAMHOON
Publication year - 2007
Publication title -
the manchester school
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.361
H-Index - 42
eISSN - 1467-9957
pISSN - 1463-6786
DOI - 10.1111/j.1467-9957.2007.01008.x
Subject(s) - cournot competition , economics , oligopoly , microeconomics , mathematical economics , set (abstract data type) , econometrics , computer science , programming language
Market equilibria are difficult to describe in markets with network effects because they often involve an upward sloping demand curve and/or multiple equilibria. In the framework of symmetric Cournot oligopoly, I investigate for a minimal set of conditions and thus extend the standard equilibrium analysis by Amir ( Games and Economic Behavior , Vol. 15 (1996), pp. 132–148) and Amir and Lambson ( Review of Economic Studies , Vol. 67 (2000), pp. 235–254) to these kinds of markets.