Change search
ReferencesLink to record
Permanent link

Direct link
Cournot Duopoly when the Competitors Operate under Capacity Constraints
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
Umeå University, Faculty of Social Sciences, Department of Economics.
2002 (English)Report (Other academic)
Abstract [en]

The paper considers Cournot duopoly where the competitors have capacity constraints. An isoelastic demand function, which always results when consumers maximise utility functions of the CobbDouglas type, is used. It has been demonstrated that isoelastic demand, combined with constant marginal costs, results in complex dynamics. The purpose of the present paper is to reconsider the case, using in stead cost functions with capacity limits. This is a point on which Edgeworth insisted as important. Comparisons between cases of few large and many small competitors cannot be made when firms have constant returns and hence are all infinitely large in potential.

Place, publisher, year, edition, pages
2002. , 27 p.
, CERUM Working Paper, ISSN 1404-5362 ; 50
National Category
URN: urn:nbn:se:umu:diva-24689OAI: diva2:227154
Centrum för regionalvetenskap (CERUM), 90187, Umeå
Published in Chaos, Solitons and Fractals ISSN 0960-0779 2003 vol 18 no 3 pp 577-592. Elsevier. Changes may have been made to this work since it was submitted for publication. doi:10.1016/S0960-0779(02)00678-1Available from: 2009-07-13 Created: 2009-07-09 Last updated: 2012-04-02Bibliographically approved

Open Access in DiVA

fulltext(682 kB)1683 downloads
File information
File name FULLTEXT01.pdfFile size 682 kBChecksum SHA-512
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Puu, TönuNorin, Anna
By organisation
Centre for Regional Science (CERUM)Department of Economics

Search outside of DiVA

GoogleGoogle Scholar
Total: 1683 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

Total: 101 hits
ReferencesLink to record
Permanent link

Direct link