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Author:Amir, R.
Title:Cournot oligopoly and the theory of supermodular games
Journal:Games and Economic Behavior
1996 : AUG, VOL. 15:2, p. 132-148
Index terms:GAMES
OLIGOPOLY
ECONOMIC BEHAVIOUR
Language:eng
Abstract:The author reconsiders the Cournot oligopoly problem in light of the theory of supermodular games. Invoking the recent ordinal version of this theory proposed by Milgrom and Shannon, the author generalizes Novshek's existence result, derives the associated uniqueness result, gives an extension of a classical existence result under symmetry, and provides conditions making a Cournot oligopoly into a long-supermodular game (with the natural order on the action sets).
SCIMA record nr: 153006
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