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A Note on the Stability Conditions in Cournot's Dynamic Market Solution when neither the actual Market Demand Function nor the Production Levels of Rivals are known.

The Cournot solution to oligopolistic market is based upon the implicit assumptions that each oligopolist has ready access to information about (i) the market demand function, (ii) the market price, and (iii) the level of output of his rival oligopolists. In this note it is shown that a stable Courn...

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Published in:Review of Economic Studies Vol. 36; no. 1; pp. 117 - 123
Main Author: Hosomatsu, Yasu
Format: Article
Published: Oxford University Press / USA Jan69
Subjects:
Oligopolies
Economic demand
Supply & demand
Utility theory
Demand function
Production (Economic theory)
Economics
Online Access:View this record in EBSCOhost