Asked by Bill
Hello,
Need some help with a Cournot duopoly question. The MD curve is P=9-Q. Two firms, with F1 strategies 1,3 or 5. F2 strategies 2 or 4.
Thank you
Need some help with a Cournot duopoly question. The MD curve is P=9-Q. Two firms, with F1 strategies 1,3 or 5. F2 strategies 2 or 4.
Thank you
Answers
Answered by
economyst
While I am a bit familiar with the Cournot model, I do not know what you mean by "strategies 1 to 5"
The basic Cournot model that I know assumes that each player assumes the positions of the other players are fixed, and so each player maximizes accordingly. This iterates to an equilibrium solution.
So, repost, with sufficiently detailed information about what each strategy means, and I will see what I can do.
(BTW, I will not likely visit the JISKHA site while I am on a vacation -- which will happen soon.)
The basic Cournot model that I know assumes that each player assumes the positions of the other players are fixed, and so each player maximizes accordingly. This iterates to an equilibrium solution.
So, repost, with sufficiently detailed information about what each strategy means, and I will see what I can do.
(BTW, I will not likely visit the JISKHA site while I am on a vacation -- which will happen soon.)
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