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Teaching Cournot without Derivatives

Author

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  • Dufwenberg, Martin

    (Dept. of Economics, Stockholm University)

Abstract

A simple technique for teaching the Cournot model to first year students is presented. The approach involves convincing the students that out of all rectangles with a common circumference, the square has the greatest area. No use is made of derivatives. The same approach can be used to understand some other market forms.

Suggested Citation

  • Dufwenberg, Martin, 1999. "Teaching Cournot without Derivatives," Research Papers in Economics 1999:5, Stockholm University, Department of Economics.
  • Handle: RePEc:hhs:sunrpe:1999_0005
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    Cited by:

    1. Ludovic A. Julien & Olivier Musy & Aurélien W. Saïdi, 2014. "Exploring Duopoly Markets with Conjectural Variations," The Journal of Economic Education, Taylor & Francis Journals, vol. 45(4), pages 330-346, December.

    More about this item

    Keywords

    Cournot model; teaching; first year students; derivatives; rectangle method;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

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