UNIQUENESS OF COURNOT EQUILIBRIUM - NEW RESULTS FROM OLD METHODS

被引:68
作者
GAUDET, G [1 ]
SALANT, SW [1 ]
机构
[1] UNIV MICHIGAN,ANN ARBOR,MI 48109
关键词
D O I
10.2307/2297975
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper provides sufficient conditions for the existence of a unique Cournot equilibrium. Previous uniqueness results have depended on an assumption of non-degeneracy of equilibrium. As we illustrate, this assumption often fails in multi-stage games with proper Cournot subgames. Since our uniqueness results do not depend on this assumption, they are more widely applicable. © 1991 The Review of Economic Studies Limited.
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页码:399 / 404
页数:6
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