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Heterogeneous-cost Cournot Competition (view source)
Revision as of 21:13, 10 November 2013
, 21:13, 10 November 2013New page: Solving the heterogeneous-cost Cournot competition model is pretty straight forward and is a good exercise for both undergraduate and graduate students. Here's how it's done. ==The Set-up...
Solving the heterogeneous-cost Cournot competition model is pretty straight forward and is a good exercise for both undergraduate and graduate students. Here's how it's done.
==The Set-up==
Suppose that we have
==Solving for optimum quantities==
==Market clearing price and profits==
==Comparison to other solutions==
==The Set-up==
Suppose that we have
==Solving for optimum quantities==
==Market clearing price and profits==
==Comparison to other solutions==
