On Cournot oligopolies with a biconcave price function
The power of a recent result for Nash equilibria of sum-aggregative games is illustrated by providing a variant of Ewerhart's equilibrium uniqueness theorem for Cournot oligopolies with a biconcave essential price function. This variant, contrary to the original result, allows for industry revenue that is discontinuous at 0 and can be considered a major generalization of the classical uniqueness result of Szidarovszky and Okuguchi for rent-seeking games. It assumes that the elasticity of the price function has a limit when its argument tends to zero.
Authors
- Pierre von Mouche (ORCID: https://orcid.org/0000-0001-5702-3340)
Publication Details
- Journal
- Journal of Dynamics and Games
- Published
- 2025-04-01
- DOI
- https://doi.org/10.3934/jdg.2025005
- Primary Topic
- Economic theories and models
- Type
- article
- Field-Weighted Citation Impact
- 0.00