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Uniqueness Of Cournot Equilibrium: New Results From Old Methods

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  • GAUDET, G.
  • SALANT, S.W.

Abstract

This paper provides sufficient conditions for the existence of a unique Cournot equilibrium. Previous uniqueness results have depended on an assumption of non-degeneracy of equilibrium. As we illustrate, this assumption often fails in multi-stage games with proper Cournot subgames. Since our uniqueness results do not depend on this assumption, they are more widely applicable.
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Suggested Citation

  • Gaudet, G. & Salant, S.W., 1988. "Uniqueness Of Cournot Equilibrium: New Results From Old Methods," Cahiers de recherche 8818, Université Laval - Département d'économique.
    • Handle: RePEc:lvl:laeccr:8818
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    Keywords

    economic theory ; mathematics;

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