Download This PaperThe 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: 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
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