The Neoclassical Economists Did Not Misinterpret Cournot on Competition: A Comment on Nomidis

19 Pages Posted: 17 Apr 2023 Last revised: 22 Aug 2023

Date Written: June 29, 2023

Abstract

This is a comment on Nomidis (2023). Using simple examples, the focus is on the conditions that lead to Cournot’s competitive limit result, showcasing the connections between the Cournot model and competitive equilibrium. Citing original sources, it is argued that the Neoclassical economists did not misunderstand Cournot, as Nomidis (2023) asserts.

Keywords: Cournot oligopoly, price-taking behavior

JEL Classification: B0, C0, D0.

Suggested Citation

Working Paper Series, Bravo Center and Serrano, Roberto, The Neoclassical Economists Did Not Misinterpret Cournot on Competition: A Comment on Nomidis (June 29, 2023). Available at SSRN: https://ssrn.com/abstract=4408769 or http://dx.doi.org/10.2139/ssrn.4408769

Roberto Serrano (Contact Author)

Brown University ( email )

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Providence, RI 02912
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401-863-1970 (Fax)

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