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Renegotiation in Repeated Cournot-Duopoly

Author

Listed:
  • John Driffill

    (Queen Mary's College, London)

  • Christian Schultz

    (Institute of Economics, University of Copenhagen)

Abstract

We investigate a repeated Cournot duopoly with strictly convex cost functions. In an example the set of Weakly Renegotiation Proof Equilibrium payoffs shrinks towards the joint profit maximizing payoff point as marginal costs are made to rise more rapidly.

Suggested Citation

  • John Driffill & Christian Schultz, 1991. "Renegotiation in Repeated Cournot-Duopoly," Discussion Papers 91-13, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:9113
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    References listed on IDEAS

    as
    1. van Damme, Eric, 1989. "Renegotiation-proof equilibria in repeated prisoners' dilemma," Journal of Economic Theory, Elsevier, vol. 47(1), pages 206-217, February.
    2. Drew Fudenberg & Eric Maskin, 2008. "The Folk Theorem In Repeated Games With Discounting Or With Incomplete Information," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 11, pages 209-230, World Scientific Publishing Co. Pte. Ltd..
    3. Schultz Christian, 1994. "A Note on Strongly Renegotiation-Proof Equilibria," Games and Economic Behavior, Elsevier, vol. 6(3), pages 469-473, May.
    4. Farrell, Joseph & Maskin, Eric, 1989. "Renegotiation in repeated games," Games and Economic Behavior, Elsevier, vol. 1(4), pages 327-360, December.
    5. Driffill, John & Schultz, Christian, 1995. "Renegotiation in a repeated Cournot duopoly," Economics Letters, Elsevier, vol. 47(2), pages 143-148, February.
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    Cited by:

    1. Driffill, John & Schultz, Christian, 1995. "Renegotiation in a repeated Cournot duopoly," Economics Letters, Elsevier, vol. 47(2), pages 143-148, February.

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    More about this item

    Keywords

    Cournot duopoly; renegotiation;

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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