an:03847175
Zbl 0533.90017
Novshek, William
Finding all n-firm Cournot equilibria
EN
Int. Econ. Rev. 25, 61-70 (1984).
00149181
1984
j
91B50 90C90 91A10 91B60
calculation of equilibria; algorithm; n-firm Cournot equilibrium; backward reaction mapping; profit maximization
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).