Cournot equilibrium without apology: Existence and the Cournot inverse demand function

In a multi-commodity framework with absence of wealth effects, we prove the existence of equilibrium for Cournot oligopoly, and that the concept is completely non-ambiguous. We also obtain a uniquely defined endogenous inverse demand function, depending only on the competitive sector.

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Year of publication:	2009
Authors:	Grilo, Isabel ; Mertens, Jean-François
Published in:	Games and Economic Behavior. - Elsevier, ISSN 0899-8256. - Vol. 65.2009, 1, p. 142-175
Publisher:	Elsevier
Keywords:	Duopoly Oligopoly Cournot Equilibrium Inverse demand Existence Representative consumer Aggregation Consumer surplus Wealth effects (absence of -)

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005408957