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

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
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0.00
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article

On Cournot oligopolies with a biconcave price function

Pierre von Mouche
Journal of Dynamics and Games
Economic theories and models
article

On Cournot oligopolies with a biconcave price function

Pierre von Mouche
article en

Abstract

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.

Journal of Dynamics and GamesVol. 14(0)
Openalex Percentile: Top 90%
Economic theories and models
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On Cournot oligopolies with a biconcave price function — Pierre von Mouche · Journal of Dynamics and Games (2025) | TGRS Research Map | TGRS