Cournot Competition
Cournot Competition models oligopolistic markets where firms choose quantities simultaneously, not prices. Originally formulated by Augustin-Louis Cournot in 1838, the model assumes each firm's profit depends on the total market quantity produced. The resulting Cournot-Nash Equilibrium captures the strategic interaction where each firm maximizes profit given competitors' quantities, leading to prices between monopoly and perfect competition levels.
Source record
Citations copied verbatim from the method’s source record. No claim-level verification is inferred from them.
- Cournot, A. A. (1838). Recherches sur les principes mathématiques de la théorie des richesses. L. Hachette. · URL
- Vives, X. (1999). Oligopoly Pricing: Old Ideas and New Tools. MIT Press. · URL
Curated claims
Claims persisted in the evidence ledger, each with its own assessment.
This view does not invent a claim assessment when the ledger has none.
Related methods
Generated from the method graph and shown as machine-suggested relations — no evidence claim is inferred.