Finding all n-firm Cournot equilibria. (English) Zbl 0533.90017

Novshek, William

Int. Econ. Rev. 25, 61-70 (1984).

This paper demonstrates a procedure for finding all n-firm Cournot equilibrium, symmetric and nonsymmetric. The procedure uses a ”backward reaction mapping” which gives the actions of a single firm which are consistent with profit maximization and aggregate output (rather than with the output of n-1 other firms).

MSC:

91B50	General equilibrium theory
90C90	Applications of mathematical programming
91A10	Noncooperative games
91B60	Trade models

Keywords:

calculation of equilibria; algorithm; n-firm Cournot equilibrium; backward reaction mapping; profit maximization