A Fast-Learning Methodology for the Cournot Oligopoly Model

We propose a learning process for a Cournot production model transformed into a leader-2-followers model. We focus our analysis on a learning process in the context of an oligopoly game comprising three players. By applying the training process in line with the essence of the leader-2-followers game, we achieve accelerated convergence to the equilibrium point in a Cournot game involving three players. Notably, the proposed learning process operates effectively under conditions of incomplete market information. An illustrative example underscores the application of the learning process in discerning the rational behavior of players in a Cournot game involving three players.