United States and European utility industries. We build a dynamic model of Cournot competition which takes into account a …

Cournot's 1838 model of strategic interaction between competing firms has become the primary workhorse for the analysis …. This entry begins with a tour of the basic Cournot model and its properties, touching on existence, uniqueness, stability …, and efficiency; this discussion especially emphasizes considerations involved in using the Cournot model in multi …

find no experimental evidence of such instability in a four firm oligopoly. Moreover, there are no differences between a …

Although common belief is that welfare is higher under Bertrand competition compared to Cournot competition, we show … symmetric duopoly, we show that while the profits are higher under Cournot competition, consumer surplus and welfare are higher … under Cournot competition compared to Bertrand competition if the manager of a firm gives more weights to the rival firm …

simulation to date. We develop a stochastic equilibrium model to include these costs and constraints in a Cournot model and solve …

In this paper, I propose a simple and useful technique to analyze and solve any Cournot model by means of a parallel … competitive market. The reaction curves of firms in the Cournot model are interpreted as supply functions in the parallel market …

We revisit the two-stage duopoly game with strategic delegation and asymmetric technologies of Sen and Stamatopoulos …