On the existence of Bayesian Cournot equilibrium

We show that even in very simple oligopolies with differential information a (Bayesian) Cournot equilibrium in pure strategies may not exist, or be unique. However, we find sufficient conditions for existence, and for uniqueness, of Cournot equilibrium in a certain class of industries. More general results arise when negative prices are allowed.

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Year of publication:	2007-03
Authors:	Einy, Ezra ; Haimanko, Ori ; Moreno, Diego ; Shitovitz, Benyamin
Institutions:	Departamento de Economía, Universidad Carlos III de Madrid

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Extent:	application/pdf
Series:	Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005249714