Efficiency loss in a Cournot oligopoly with convex market demand

DOI10.1016/J.JMATECO.2014.06.001zbMath1305.91182arXiv1203.6675OpenAlexW2942107507MaRDI QIDQ406255

John N. Tsitsiklis, Yunjian Xu

Publication date: 8 September 2014

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1203.6675

zbMATH Keywords

game theoryNash equilibriumCournot oligopolyprice of anarchy

Mathematics Subject Classification ID

Other game-theoretic models (91A40) Consumer behavior, demand theory (91B42) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (8)

How bad is the merger paradox? ⋮ Surplus sharing in Cournot oligopoly ⋮ Equilibrium and inefficiency in multi-product Cournot games ⋮ How bad is the merger paradox? ⋮ A Mathematical Model of Demand-Supply Dynamics with Collectability and Saturation Factors ⋮ Profit loss in Cournot oligopolies ⋮ A lower-bound on monopoly profit for log-concave demand ⋮ Efficiency Loss in a Cournot Oligopoly with Convex Market Demand

Cites Work

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• Worst-case equilibria
• Cournot and Walras equilibrium
• Efficiency and surplus bounds in Cournot competition.
• Cournot oligopoly and the theory of supermodular games
• Profit loss in Cournot oligopolies
• Generalized Quantity Competition for Multiple Products and Loss of Efficiency
• On the Existence of Cournot Equilibrium
• Uniqueness of Cournot Equilibrium: New Results from Old Methods
• Cournot Equilibrium with Free Entry

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