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Cournot conjectures under price competition

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  • Flavio Delbono
  • Luca Lambertini

Abstract

In a homogeneous oligopoly, under standard regularity conditions, we prove that the Cournot–Nash equilibrium emerges under price competition and Cournot conjectures. We illustrate this result also under exogenous product differentiation.

Suggested Citation

  • Flavio Delbono & Luca Lambertini, 2018. "Cournot conjectures under price competition," International Journal of Economic Theory, The International Society for Economic Theory, vol. 14(4), pages 295-301, December.
    • Handle: RePEc:bla:ijethy:v:14:y:2018:i:4:p:295-301
    DOI: 10.1111/ijet.12159
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