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Reducing competitors in Cournot–Puu oligopoly

✍ Scribed by Jose S. Cánovas

Book ID
113824087
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
463 KB
Volume
13
Category
Article
ISSN
1468-1218

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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