On the equivalence of quantity competition and supply function competition with sunk costs

DOI10.1007/S00182-016-0542-XMaRDI QIDQ2398191zbMATH OpenOpenAlexFDO

Authors Michal Krol

Publication date 15 August 2017

Published in International Journal of Game Theory (Search for Journal in Brave)

Full work available at URL https://www.research.manchester.ac.uk/portal/en/publications/on-the-equivalence-of-quantity-competition-and-supply-function-competition-with-sunk-costs(7f447074-d7d4-4d3f-a258-b1d5dcc5b68e).html

zbMATH Keywords

Cournot gamesunk costssupply functions

Mathematics Subject Classification ID

Noncooperative games (91A10) Microeconomic theory (price theory and economic markets) (91B24) Special types of economic markets (including Cournot, Bertrand) (91B54)

Recommendations

• Supply Function Equilibria in Oligopoly under Uncertainty
• Capacity games with supply function competition
• On the properties of linear supply functions in oligopoly
• Coalition-proof supply function equilibria in oligopoly.
• scientific article; zbMATH DE number 2183055

Cites work

• Capacity precommitment and price competition yield the Cournot outcome
• Coalition-proof supply function equilibria in oligopoly.
• Coalition-proof supply function equilibria under capacity constraints
• On the Existence of Cournot Equilibrium
• Supply Function Equilibria in Oligopoly under Uncertainty

Cited in

(6)

• Elastic demand, sunk costs and the Kreps-Scheinkman extension of the Cournot model
• Ranking supply function and Cournot equilibria in a differentiated product duopoly with demand uncertainty
• On the properties of linear supply functions in oligopoly
• Equivalence results when firms compete in prices/quantities and innovation effort
• Supply Function Equilibria in Oligopoly under Uncertainty
• Relaxing competition through speculation: committing to a negative supply slope

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