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[eng] Price competition and cournotian equilibria. . Contrary to a widespread belief, strategie choices described by the Cournotian model are not confined to quantities. Only, price strategies are constrained by the fact that « the priee is necessarily the same » for producers of a homogeneous...
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In order to formalize the variety of oligopolistic competition regimes, we adopt an approach (pioneered by Shubik, 1959) where firms behave strategically both in price and quantity. The corresponding concept of oligopolistic equilibrium allows for a parameterized continuum of regimes with...
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In applying the common agency framework to the context of an oligopolistic industry, we want to go beyond the classical dichotomy between Cournot and Bertrand competition. We define two games, the oligopolistic game and the corresponding concept of oligopolistic equilibrium, and an associated...
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