IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-642-02106-0_1.html
   My bibliography  Save this book chapter

The Classical Cournot Model

In: Nonlinear Oligopolies

Author

Listed:
  • Gian-Italo Bischi

    (Università di Urbino “Carlo Bo”)

  • Carl Chiarella

    (University of Technology, Sydney)

  • Michael Kopel

    (University of Graz Institute of Organization and Economics of Institutions University of Graz)

  • Ferenc Szidarovszky

    (University of Arizona)

Abstract

In this chapter we will introduce the classical Cournot model, which is also known as the single-product quantity setting oligopoly model without product differentiation. In the first section of the chapter the Cournot model will be discussed as an N-firm static game and the best responses of the firms and the equilibria will be determined in a series of examples, many of which will be built upon in developing the ideas in subsequent chapters. Section 1.2 introduces the dynamic adjustment processes via which we shall assume that firms adjust output over time. We will in particular discuss expectation formation processes and adaptive adjustments and gradient adjustments. The final section will illustrate by simple examples the complexity of the dynamics that can arise in these models due to certain nonlinear features to be described below. The fundamental techniques for the global analysis of the dynamics of such models will be explained in Sect. 1.3.

Suggested Citation

  • Gian-Italo Bischi & Carl Chiarella & Michael Kopel & Ferenc Szidarovszky, 2010. "The Classical Cournot Model," Springer Books, in: Nonlinear Oligopolies, chapter 0, pages 1-49, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-02106-0_1
    DOI: 10.1007/978-3-642-02106-0_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-642-02106-0_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.