Free entry and stability in a Cournot model (Q1087462)
From MaRDI portal
!
This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use the normal view instead:
scientific article; zbMATH DE number 3989055
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Free entry and stability in a Cournot model |
scientific article; zbMATH DE number 3989055 |
Statements
Free entry and stability in a Cournot model (English)
0 references
1986
0 references
In a Cournot model for a single homogeneous good, we study simultaneously two stability properties of a Cournot equilibrium: the stability of a continuous quantity adjustment process with a fixed number of firms and the stability relative to entry. Under usual assumptions, we show that these two properties are consistent - i.e., there exists an equilibrium that is stable in both senses - and determine quite sharply the number of active firms.
0 references
free entry
0 references
Cournot model
0 references
single homogeneous good
0 references
stability properties
0 references
Cournot equilibrium
0 references
continuous quantity adjustment process
0 references
0.83566814661026
0 references
0.83566814661026
0 references
0.8256595134735107
0 references
0.8252716660499573
0 references
0.8231810927391052
0 references
