Linganisha mbinu

	Mlingano wa Arrow-Debreu	Ushindani wa Cournot
Nyanja	Nadharia ya Michezo	Nadharia ya Michezo
Familia	Machine learning	Machine learning
Mwaka wa asili	1954	1838
Mwanzilishi	Kenneth Arrow, Gerard Debreu	Augustin-Louis Cournot
Aina	algorithm	algorithm
Chanzo asilia	Arrow, K. J., & Debreu, G. (1954). Existence of an equilibrium for competitive economies. Econometrica, 22(3), 265-290.	Cournot, A. A. (1838). Recherches sur les principes mathématiques de la théorie des richesses. L. Hachette.
Majina mbadala	Walrasian Equilibrium, General Equilibrium, Competitive Equilibrium	Quantity Competition, Cournot Equilibrium, Cournot-Nash Equilibrium
Zinazohusiana	4	4
Muhtasari	The Arrow-Debreu model is a general equilibrium framework where prices adjust to clear all markets simultaneously, and consumers and firms optimize given those prices. Introduced by Kenneth Arrow and Gerard Debreu in 1954, the model extends Adam Smith's invisible hand concept into a rigorous mathematical framework. Arrow-Debreu equilibrium proves existence, uniqueness (under certain conditions), and Pareto efficiency of competitive equilibria.	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.