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Sensitivity analysis for a Cournot equilibrium

✍ Scribed by Roger L. Tobin


Publisher
Elsevier Science
Year
1990
Tongue
English
Weight
394 KB
Volume
9
Category
Article
ISSN
0167-6377

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This paper considers a differentiated nonrenewable natural resource duopoly. The outcome of a Cournot type game, where both producers compete in quantities, is compared to that of a Bertrand type game, where both producers compete in prices. It is shown that a Cournot game yields a higher present va