Guerrazzi, Marco (2012): Asymptotic relations in Cournot's game.
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In this note, I derive the asymptotic relation verified by oligopolists' iso-profit curves within Cournot's game. Thereafter, I provide an economic rationale for such a mathematical relation. The results of this exploration suggest that for each firm the asymptotes of the iso-profit curves convey the boundaries beyond which output competitors become net purchasers of the good supplied in the market.
|Item Type:||MPRA Paper|
|Original Title:||Asymptotic relations in Cournot's game|
|English Title:||Asymptotic relations in Cournot's game|
|Keywords:||Cournot's Game; Nash Equilibrium; Asymptotes|
|Subjects:||C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory > C72 - Noncooperative Games|
|Depositing User:||Dr Marco Guerrazzi|
|Date Deposited:||24 Nov 2012 17:37|
|Last Modified:||07 Feb 2016 19:34|
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