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  • Search: subject:"Cournot–Nash game theory"
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Competition 1 Cournot–Nash game theory 1 Microeconomics 1 Monopoly 1 Oligopoly 1 Profit maximization 1
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Keen, Steve 1 Standish, Russell 1
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Physica A: Statistical Mechanics and its Applications 1
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Profit maximization, industry structure, and competition: A critique of neoclassical theory
Keen, Steve; Standish, Russell - In: Physica A: Statistical Mechanics and its Applications 370 (2006) 1, pp. 81-85
Neoclassical economics has two theories of competition between profit-maximizing firms—Marshallian and Cournot–Nash—that start from different premises about the degree of strategic interaction between firms, yet reach the same result, that market price falls as the number of firms in an...
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