Computing Cournot equilibrium through maximization over prices |
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| Authors: | Hakan Orbay |
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| Institution: | aSabanci University, Orhanli, Tuzla 34956 Istanbul, Turkey |
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| Abstract: | This paper presents a characterization of internal Cournot equilibrium based on first-order conditions corresponding to profit maximization over prices. This characterization may yield significant computational advantage as demand functions need not be inverted and simple first-order conditions are obtained. |
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| Keywords: | Cournot equilibrium |
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