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Dynamic Cournot duopoly with intertemporal capacity constraints

✍ Scribed by Anita van den Berg; Iwan Bos; P. Jean-Jacques Herings; Hans Peters

Book ID
116557201
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
625 KB
Volume
30
Category
Article
ISSN
0167-7187

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The paper considers Cournot duopoly where the competitors have capacity constraints. An isoelastic demand function, which always results when consumers maximise utility functions of the Cobb-Douglas type, is used. It has been demonstrated that isoelastic demand, combined with constant marginal costs