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Conjectures in Cournot Duopoly under Cost Uncertainty
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ryu, Suyeol | - |
dc.contributor.author | Kim, Iltae | - |
dc.date.accessioned | 2011-03-14T02:06:07Z | - |
dc.date.available | 2011-03-14T02:06:07Z | - |
dc.date.issued | 2011-01 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.24 No.1, pp. 73-86 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/73140 | - |
dc.description.abstract | This paper presents a Cournot duopoly model based on a condition
when firms are facing cost uncertainty under risk neutrality and risk aversion. Each firm conjectures about the rivals output level, and its cost function is assumed to be unknown to its rival. The Cournot model shows that the expected utility maximizing firms, under risk aversion, show different behaviors from the expected profit maximizing firms. This implies that each firm can increase or decrease its output, which depends on the interaction between both firms under cost uncertainty, assuming that both firms are riskaverse. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Cournot equilibrium | - |
dc.subject | Cost uncertainty | - |
dc.subject | Risk aversion | - |
dc.title | Conjectures in Cournot Duopoly under Cost Uncertainty | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 류수열 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 86 | - |
dc.citation.number | 1 | - |
dc.citation.pages | 73-86 | - |
dc.citation.startpage | 73 | - |
dc.citation.volume | 24 | - |
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