The development of complex oligopoly dynamics theory

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)
Categories (categorize this paper)
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive

Upload a copy of this paper     Check publisher's policy     Papers currently archived: 30,780
External links

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.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles
Added to PP index

Total downloads
13 ( #392,161 of 2,214,632 )

Recent downloads (6 months)
1 ( #408,824 of 2,214,632 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature