Search: onr:"swepub:oai:DiVA.org:umu-24550" >
Cournot duopoly whe...
Cournot duopoly when the competitors operate under capacity constraints
-
- Puu, Tönu, 1936- (author)
- Umeå universitet,Centrum för regionalvetenskap (CERUM)
-
- Norin, Anna, 1970- (author)
- Umeå universitet,Institutionen för nationalekonomi,Nationalekonomi
-
(creator_code:org_t)
- Elsevier, 2003
- 2003
- English.
-
In: Chaos, Solitons & Fractals. - : Elsevier. - 0960-0779 .- 1873-2887. ; 18:3, s. 577-592
- Related links:
-
http://www.sciencedi...
-
show more...
-
https://urn.kb.se/re...
-
https://doi.org/10.1...
-
https://urn.kb.se/re...
-
show less...
Abstract
Subject headings
Close
- The paper considers Cournot duopoly where the competitors have capacity constraints. An isoelastic demand function, which always results when consumers maximise utility functions of the Cobb–Douglas type, is used. It has been demonstrated that isoelastic demand, combined with constant marginal costs, results in complex dynamics. The purpose of the present paper is to reconsider the case, using in stead cost functions with capacity limits. This is a point on which Edgeworth insisted as important. Comparisons between cases of few large and many small competitors cannot be made when firms have constant returns and hence are all infinitely large in potential.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Economics
- Nationalekonomi
Publication and Content Type
- ref (subject category)
- art (subject category)
Find in a library
To the university's database