David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
One is the very founding document of oligopoly theory, Cournot’s seminal work of 1838. This is both because the specific model that he presented has been much studied for its ability to generate complex dynamics and also because of its more general foreshadowing of game theory. It has often been noted that the Cournot equilibrium is but a special case of the Nash (1951) equilibrium, the more general formulation used by modern industrial organization economists in studying oligopoly theory. Indeed, it is sometimes even called the Cournot-Nash equilibrium. Although many of the models of complex oligopoly dynamics use the specific Cournot model, many use more general game theoretic formulations. We note simply as an aside here that Cournot’s work was the first to apply calculus to solving an economic optimization problem and also was the first to introduce supply and demand curves, albeit in the "Walrasian" form with price on the horizontal axis.
|Keywords||No keywords specified (fix it)|
No categories specified
(categorize this paper)
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library||
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Brian Skyrms (1992). Chaos and the Explanatory Significance of Equilibrium: Strange Attractors in Evolutionary Game Dynamics. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1992:374 - 394.
Boudewijn de Bruin (2009). Overmathematisation in Game Theory: Pitting the Nash Equilibrium Refinement Programme Against the Epistemic Programme. Studies in History and Philosophy of Science Part A 40 (3):290-300.
Giacomo Bonanno (1998). Intensity of Competition and the Choice Between Product and Process Innovation. International Journal of Industrial Organization 16 (4):495-510.
Giacomo Bonanno (1988). Oligopoly Equilibria When Firms Have Local Knowledge of Demand. International Economic Review 29 (1):45-55.
J. Barkley Rosser, Complex Ecologic-Economic Dynamics and Environmental Policy Forthcoming, Ecological Economics.
Subhadip Chakrabarti, Robert P. Gilles & Emiliya A. Lazarova (2011). Strategic Behavior Under Partial Cooperation. Theory and Decision 71 (2):175-193.
Added to index2009-01-28
Total downloads7 ( #198,443 of 1,140,121 )
Recent downloads (6 months)1 ( #147,976 of 1,140,121 )
How can I increase my downloads?