Construct · 1 fields · 1 citations

Cournot competition: a standalone construct

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Industrial organization

oligopoly competition in which firms choose output quantities simultaneously, yielding prices between monopoly and competitive levels.

In industrial organization, Cournot competition refers to oligopoly competition in which firms choose output quantities simultaneously, yielding prices between monopoly and competitive levels. This meaning comes from Kreps (1983) in The Bell Journal of Economics.[1]

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Nearby constructs

monopoly2 fields · 2 citationsjingle · one word, two constructs

References

Kreps, D. M., & Scheinkman, J. A. (1983). Quantity Precommitment and Bertrand Competition Yield Cournot Outcomes. The Bell Journal of Economics, 14(2), 326. https://doi.org/10.2307/3003636

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