Class notes
MARKETS STRUCTURES IV : MICRO-ECONOMICS THEORY III
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In a Cournot model each firm chooses its output so as maximize its profits given its believes about the other firms choice and equilibrium is realized when each firm finds its expectations about the other firm’s choice to be confirmed
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Institution
Columbia University
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Document information
- Uploaded on
- August 17, 2021
- Number of pages
- 12
- Written in
- 2021/2022
- Type
- Class notes
- Professor(s)
- Professor ndii
- Contains
- All classes
Subjects
- markets structures iv
-
economics micro economics theory iii
-
simultaneous quantity setting
-
cournot equilibrium
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adjustments to equilibrium
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many firms in cournot equilibrium
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