Cournot equilibrium

GPTKB entity

Statements (17)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo oligopoly
gptkbp:assumes each firm maximizes profit
each firm takes rivals' output as given
firms choose quantities simultaneously
gptkbp:contrastsWith Bertrand equilibrium
Stackelberg equilibrium
gptkbp:describes market outcome
gptkbp:field economics
game theory
https://www.w3.org/2000/01/rdf-schema#label Cournot equilibrium
gptkbp:introducedIn 1838
gptkbp:namedAfter gptkb:Antoine_Augustin_Cournot
gptkbp:publishedIn Recherches sur les principes mathématiques de la théorie des richesses
gptkbp:result Nash equilibrium in quantities
gptkbp:bfsParent gptkb:Antoine_Augustin_Cournot
gptkbp:bfsLayer 6