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Computing Cournot equilibrium through maximization over prices

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  • Orbay, Hakan

Abstract

This paper presents a characterization of internal Cournot equilibrium based on first-order conditions corresponding to profit maximization over prices. This characterization may yield significant computational advantage as demand functions need not be inverted and simple first-order conditions are obtained.

Suggested Citation

  • Orbay, Hakan, 2009. "Computing Cournot equilibrium through maximization over prices," Economics Letters, Elsevier, vol. 105(1), pages 71-73, October.
    • Handle: RePEc:eee:ecolet:v:105:y:2009:i:1:p:71-73
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    References listed on IDEAS

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    Cited by:

    1. Zheng Peng & Wenxing Zhu, 2013. "An Alternating Direction Method for Nash Equilibrium of Two-Person Games with Alternating Offers," Journal of Optimization Theory and Applications, Springer, vol. 157(2), pages 533-551, May.

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    Keywords

    Cournot equilibrium;

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