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Two-Stage Cournot Oligopolies with Industry-wide Externalities
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Okuguchi, Koji | - |
| dc.contributor.author | Yamazaki, Takeshi | - |
| dc.date.accessioned | 2009-01-21 | - |
| dc.date.available | 2009-01-21 | - |
| dc.date.issued | 1996-01 | - |
| dc.identifier.citation | Seoul Journal of Economics, Vol.9 No.1, pp. 1-16 | - |
| dc.identifier.issn | 1225-0279 | - |
| dc.identifier.uri | https://hdl.handle.net/10371/1073 | - |
| dc.description.abstract | A two-stage Cournot oligopoly with cost functions involving externalities is formulated. A unique subgame perfect Cournot-Nash Equilibrium is proven to exist under a set of reasonable assumptions. The existence proof consists of solving two fixed-point problems for the industry output. The perfect equilibrium is then compared with one-shot Cournot oligopoly equilibrium. The effects of entry are also analyzed. Our result will be illustrated using linear cost and demand functions. | - |
| dc.language.iso | en | - |
| dc.publisher | Institute of Economic Research, Seoul National University | - |
| dc.subject | cournot oligopoly | - |
| dc.subject | Cournot-Nash | - |
| dc.subject | demand function | - |
| dc.title | Two-Stage Cournot Oligopolies with Industry-wide Externalities | - |
| dc.type | SNU Journal | - |
| dc.citation.journaltitle | Seoul Journal of Economics | - |
| dc.citation.endpage | 16 | - |
| dc.citation.number | 1 | - |
| dc.citation.pages | 1-16 | - |
| dc.citation.startpage | 1 | - |
| dc.citation.volume | 9 | - |
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