Study on Cournot Model with Two Firms

Tang Xiaowo. Study on Cournot Model with Two Firms[J]. Journal of University of Electronic Science and Technology of China, 1997, 26(1): 84-89.

Citation:

Tang Xiaowo. Study on Cournot Model with Two Firms[J]. Journal of University of Electronic Science and Technology of China, 1997, 26(1): 84-89.

Citation:

Tang Xiaowo. Study on Cournot Model with Two Firms[J]. Journal of University of Electronic Science and Technology of China, 1997, 26(1): 84-89.

Abstract

This paper studies the equilibrium solution of Cournot model and the dynamic changes of the outputs of the firms concerned.It is proved that the equilibrium solution exists and is uniqe for any inital output choice of the first firm.It is also proved that the outputs of the two firms concerned strictly monotonicly decrease or increase.The results lay a good foundation for the further study of Cournot model with several firms.

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