Changes in Demand Function in Cournot Oligopoly
Gifu Shotoku Gakuen University - Economics
University of Arizona - Department of Systems & Industrial Engineering (SIE)
Pacific Economic Review, Vol. 10, No. 3, pp. 371-378, October 2005
The effects of change in the market (inverse) demand function are systematically analysed for Cournot oligopoly without product differentiation. The general comparative-static results are stated using the original data on firms' cost functions and inverse demand function. Three special models are examined in light of our results. The stability condition is shown to be insufficient for determinate comparative statics.
Number of Pages in PDF File: 8
Date posted: November 5, 2005