方法证据记录
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.
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Cournot Oligopoly Model
分类方法记录 · ml-model / game-theory
- 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
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