DUOPOLIO DE COURNOT PDF

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DIPLOMATSKI PROTOKOL PDF

Cournot competition

Cournot competition is an economic model used to describe an industry structure in which companies compete on the amount of output they will produce, which they decide on independently of each other and at the same time. It is named after Antoine Augustin Cournot — who was inspired by observing competition in a spring water duopoly. An essential assumption of this model is the "not conjecture" that each firm aims to maximize profits, based on the expectation that its own output decision will not have an effect on the decisions of its rivals. Price is a commonly known decreasing function of total output. Normally the cost functions are treated as common knowledge. The cost functions may be the same or different among firms. The market price is set at a level such that demand equals the total quantity produced by all firms.

EL JUEGO EN QUE ANDAMOS JUAN GELMAN PDF

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