MARKETS STRUCTURES IV : MICRO-ECONOMICS THEORY III
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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- ECONOMICS : MICRO-ECONOMICS THEORY III
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- 17 augustus 2021
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- 12
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- 2021/2022
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- College aantekeningen
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- Professor ndii
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Onderwerpen
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markets structures iv
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economics micro economics theory iii
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simultaneous quantity setting
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cournot equilibrium
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adjustments to equilibrium
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many firms in cournot equilibrium