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INTERNATIONAL TRADE AND COURNOT EQUILIBRIUM: EXISTENCE, UNIQUENESS AND COMPARATIVE STATICS (1992)

Collie, David

Oxford, UK : Blackwell Publishing Ltd

Bulletin of economic research 44 (1992), S. 0

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ISSN: 1467-8586

Source: Blackwell Publishing Journal Backfiles 1879-2005

Topics: Economics

Notes: This paper proves the existence and uniqueness of Cournot equilibrium in models of international trade under oligopoly. The existence of Cournot equilibrium is established without the usual assumption that profit functions are concave. Instead the proof uses a weaker‘aggregate concavity’condition. A simple proof is used to establish the uniqueness of the equilibrium. And, the paper considers the implications of the assumptions, used to prove the existence and uniqueness of the equilibrium, on the comparative static results.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1111/j.1467-8586.1992.tb00506.x

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