Economics, Econometrics and Finance
4 years ago

Market shake-up: Changes in demand function disrupt Cournot oligopoly dynamics.

Pacific Economic Review
CHANGES IN DEMAND FUNCTION IN COURNOT OLIGOPOLY
Koji Okuguchi, Ferenc Szidarovszky

Paper Summary

The article explores how changes in market demand affect Cournot oligopoly. By analyzing cost functions and demand data, the researchers found that stability alone is not enough to predict outcomes. Their findings shed light on how firms in this type of market react to shifts in demand.

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