We compare an n-firm Cournot model with a Stackelberg model, where n-firms choose outputs sequentially, in a stochastic … expected price and total profits are higher in Stackelberg perfect revealing equilibrium than in the Cournot equilibrium. These …

Cournot and Bertrand oligopoly equilibria are usually explained by strategic interactions, e.g., the best … least likely in Cournot oligopoly with homogeneous goods under simultaneous moves, it is still guaranteed under sequential … moves as assumed by Cournot originally. Hence, oligopoly equilibria can be better explained without strategic interaction …

It is a very well-known result that in terms of evolutionary stability the long-run outcome of a Cournot oligopoly …. Contrary to Tanaka (1999) we show that the evolutionarily stable price in an asymmetric Cournot oligopoly needs not equal the …

We investigate the possibility of using public firms to regulate polluting emissions in a Cournot oligopoly where … differential game and investigate (i) the Cournot-Nash game among profit-seeking firms; (ii) the Markov Perfect Nash equilibrium …

We analyze a symmetric n-firm Cournot oligopoly with a heterogeneous population of optimizers and imitators. Imitators …

This paper reconciles the Cournot and Bertrand Models of oligopolistic competition, highlighting its weaknesses and … giving an opinion thereafter. The pertinent question in this paper is why Cournot (1838) ignored the price and Bertrand (1883 … run by production capacity competition, as advocated by Cournot, equilibrated through price competition in the short run …