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Cournot competition and endogenous firm size
Authors:Francesco Saraceno  Jason Barr
Institution:1.Observatoire Fran?ais des Conjonctures économiques,Paris,France;2.Rutgers University,Newark,USA
Abstract:The paper studies the dynamics of firm size in a repeated Cournot game with unknown demand function. We model the firm as a type of artificial neural network. Each period it must learn to map environmental signals to both a demand parameter and its rival’s output choice. However, this learning game is in the background, as we focus on the endogenous adjustment of network size. We investigate the long-run evolution of firm/network size as a function of profits, rival’s size, and the type of adjustment rules used.
Contact Information Jason BarrEmail:
Keywords:Firm size  Adjustment dynamics  Artificial neural networks  Cournot games
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