Morgan, Jacqueline; Mallozzi, Lina; Flåm, Sjur D. - In: Economic Theory 20 (2002) 1, pp. 183-188
This note deals with Cournot type oligopolies in which the market clearing price occasionally may be non-unique. A Stackelberg leading producer is present. Given that setting we explore continuity properties of the followers' reaction and provide sufficient conditions for existence of equilibrium.