Cournot equilibrium uniqueness via demi-concavity

被引:4
|
作者
von Mouche, P. [1 ]
Quartieri, F. [1 ]
机构
[1] Univ Florence, Dipartimento Sci Econ & Impresa, Florence, Italy
关键词
Convex analysis; Cournot oligopoly; demi-concavity; equilibrium uniqueness; quasi-concavity; NASH EQUILIBRIUM; RENT-SEEKING; EXISTENCE; GAMES;
D O I
10.1080/02331934.2017.1405954
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
A family of oligopolies that possess a unique equilibrium was identified in the second authors doctoral dissertation. For such a family, it is therein specified a class of functions-economically related to the price function of a Cournot oligopoly - that satisfy a particular type of quasi-concavity. The first part of the present article (i) conceptualizes that type of quasi-concavity by introducing the notion of demi-concavity, (ii) considers two possible variants and (iii) provides some calculus properties. The second part, by relying on the results on demi-concavity, proves a Cournot equilibrium uniqueness theorem which is new for the journal literature and subsumes various results thereof. A third part shows an example that illustrates the novelty of the result.
引用
收藏
页码:441 / 455
页数:15
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