Published December 24, 2024
| Version https://www.socialresearchfoundation.com/new/publish-journal.php?editID=10032
Peer review
Open
Two-way comparison between Monopoly & Cournot Duopoly using Cubic Cost Function: Conditions for Comparability & Feasibility of Equilibrium Outcomes
Description
|
The paper compares the equilibrium outcomes of Monopoly and Cournot Duopoly using the linear demand function and cubic cost function. Given the limited literature available on the subject, emphasis is placed on the signs, range of values, and interrelationships between the various parameters of the cost and demand functions to compare the equilibrium outcomes of both market structures. In both cases, using identical demand and cost functions is meaningful when the equilibrium outcomes are feasible and all the non-negativity conditions are satisfied. |
Files
Two-way comparison between Monopoly & Cournot Duopoly using Cubic Cost Function Conditions for Comparability & Feasibility of Equilibrium Outcomes.pdf
Files
(312.3 kB)
| Name | Size | Download all |
|---|---|---|
|
md5:c3128fba014e63b581548d0ebfc02387
|
312.3 kB | Preview Download |
Additional details
Dates
- Submitted
-
2024-12-08
- Accepted
-
2024-12-19
Software
References
- Cournot, A. (2020). Researches into the Mathematical Principles of the Theory of Wealth |. Retrieved December 7, 2024, from https://www.taylorfrancis.com/chapters/edit/10.4324/9781003051091-2/researches- mathematical-principles-theory-wealth-cournot Eppstein et al, D. (n.d.). Sparse dynamic programming I: linear cost functions: Journal of the ACM: Vol 39, No 3. Retrieved December 7, 2024, from https://dl.acm.org/doi/abs/10.1145/146637.146650 Ferguson, C. (1975). Microeconomic theory | CiNii Research. Retrieved December 7, 2024, from https://cir.nii.ac.jp/crid/1130282270630389888 Koutsoyiannis, A. (1989). Modern microeconomics. MacMillan. Nikutowski, O., Leis, V., & Von Weizsäcker, R. K. Frhr. (2013). Cubic Cost Functions and Major Market Structures. The Journal of Economic Education, 44(1), 91–91. https://doi.org/10.1080/00220485.2013.744630 Osborne, M. J. (2009). An Introduction to Game Theory. Oxford University Press. Sydsaeter, K., Hammond, P., Carvajal, A., & Strom, A. (2016). Essential Mathematics for Economic Analysis. Pearson Education. Varian, Hal, R. (2014). Intermediate Microeconomics with Calculus: A Modern Approach: International Student Edition. W. W. Norton & Company.