Equilibrium in Generalized Cournot and Stackelberg Models

V.A. Bulavsky; V.V. Kalashnikov

Equilibrium in Generalized Cournot and Stackelberg Models

V.A. Bulavsky, V.V. Kalashnikov

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Abstract

A model of an oligopolistic market with a homogeneous product is examined. Each subject of the model uses a conjecture about the market response to variations of its production volume. The conjecture value depends upon both the current total volume of production at the market and the subject's contribution into it. Under general enough assumptions, the equilibrium existence and uniqueness theorems are proven. Furthermore, a particular assumption { namely, constant elasticity, { is considered, and the generalized Stackelberg model comprising several leaders is investigated.

Original language	English
Place of Publication	Tilburg
Publisher	CentER, Center for Economic Research
Number of pages	28
Volume	1999-116
Publication status	Published - 1999

Publication series

Name	CentER Discussion Paper
Volume	1999-116

Keywords

oligopolistic market
conjectural variations
equilibrium
leaders and followers

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abstract = "A model of an oligopolistic market with a homogeneous product is examined. Each subject of the model uses a conjecture about the market response to variations of its production volume. The conjecture value depends upon both the current total volume of production at the market and the subject's contribution into it. Under general enough assumptions, the equilibrium existence and uniqueness theorems are proven. Furthermore, a particular assumption { namely, constant elasticity, { is considered, and the generalized Stackelberg model comprising several leaders is investigated.",

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AU - Kalashnikov, V.V.

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PY - 1999

Y1 - 1999

N2 - A model of an oligopolistic market with a homogeneous product is examined. Each subject of the model uses a conjecture about the market response to variations of its production volume. The conjecture value depends upon both the current total volume of production at the market and the subject's contribution into it. Under general enough assumptions, the equilibrium existence and uniqueness theorems are proven. Furthermore, a particular assumption { namely, constant elasticity, { is considered, and the generalized Stackelberg model comprising several leaders is investigated.

AB - A model of an oligopolistic market with a homogeneous product is examined. Each subject of the model uses a conjecture about the market response to variations of its production volume. The conjecture value depends upon both the current total volume of production at the market and the subject's contribution into it. Under general enough assumptions, the equilibrium existence and uniqueness theorems are proven. Furthermore, a particular assumption { namely, constant elasticity, { is considered, and the generalized Stackelberg model comprising several leaders is investigated.

KW - oligopolistic market

KW - conjectural variations

KW - equilibrium

KW - leaders and followers

M3 - Discussion paper

VL - 1999-116

T3 - CentER Discussion Paper

BT - Equilibrium in Generalized Cournot and Stackelberg Models

PB - CentER, Center for Economic Research

CY - Tilburg

ER -

Equilibrium in Generalized Cournot and Stackelberg Models

Abstract

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Keywords

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