Cournot Oligopoly Characterization and Applications [Paperback]

This volume focuses on the properties and uses of Cournot's model of competition among the few.Celebrating the 150th anniversary of Cournot's work, this volume focuses on the properties and uses of Cournot's model of competition among the few. This revival of interest in Cournot's model is due largely to increased emphasis by economists on capturing elements of imperfect competition and strategic behavior.Celebrating the 150th anniversary of Cournot's work, this volume focuses on the properties and uses of Cournot's model of competition among the few. This revival of interest in Cournot's model is due largely to increased emphasis by economists on capturing elements of imperfect competition and strategic behavior.Celebrating the 150th anniversary of Cournot's work, which Mark Blaug has characterized as ..a book that for sheer originality and boldness of conception has no equal in the history of economics thought, this volume focuses on the properties and uses of Cournot's model of competition among the few. While there are many issues that Cournot explored in researches into the mathematical principles of the theory of wealth, the topic that he is most readily associated with--and which now is also enjoying a revival--is his model of oligopolistic interaction among firms. This revivial of interest in Cournot's model is due largely to increased emphasis by economists on capturing elements of imperfect competition and strategic behavior.Preface; Part 1. Introduction: 1. Introduction, purpose, and overview Andrew F. Daughety; Part II. Background: 2. Of the competition of producers Augustin Cournot (translation by Nathanial T. Bacon); 3. Review of Walras's Th?orie math?matique de la richesse sociale and Cournot's Reserches sur les principles math?matiques de la th?orie des richesses Joseph Bertrand (translation by James W. Friedman); 4. Non-cooperative games John Nash; Part III. Examining Cournot's Model: 5. On the existence of Cournot equilibrium William Novshek; 6l3.