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Long-Run Equilibrium in a Cournot Type Oligopoly Model with Cobb-Douglas Demand and Production

9 Pages Posted: 12 Jul 2009  

William C. Kolberg

Ithaca College

Date Written: July 11, 2009

Abstract

This paper explores the character of long-run equilibrium in an oligopoly model with Cobb-Douglas production and demand. The model is a Cournot type model in that firms choose production, but the product may be differentiated as well as homogeneous in nature. The long run equilibrium explored here does not permit entry or exit, so in that sense it is considered oligopoly.

Keywords: Quantity Competition, Oligopoly, Cournot, Long-Run Equilibrium

JEL Classification: D43, L13

Suggested Citation

Kolberg, William C., Long-Run Equilibrium in a Cournot Type Oligopoly Model with Cobb-Douglas Demand and Production (July 11, 2009). Available at SSRN: https://ssrn.com/abstract=1432924 or http://dx.doi.org/10.2139/ssrn.1432924

William C. Kolberg (Contact Author)

Ithaca College ( email )

Department of Economics
430 Muller Faculty Center
Ithaca, NY 14850
United States
607-274-3609 (Phone)

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