On the Uniqueness of Equilibrium in Cournot Oligopoly and Other Games
On the Uniqueness of Equilibrium in Cournot Oligopoly and Other Games
复制标题
论古诺寡头博弈及其他博弈中均衡的唯一性
DOI:
10.1006/game.1996.0037
复制
发表时间:
1996
影响因子:
1.1
通讯作者:
A. Watts
中科院分区:
文献类型:
--
作者:
A. Watts
Abstract In an average surplus sharing game, such as a Cournot oligopoly, a group of agents share a production process. Each contributes an amount of input to the process, and output is divided in proportion to the amount of input contributed. Uniqueness of the equilibrium is needed for any type of comparative static analysis. However, general uniqueness results for concave games have restrictive assumptions on preferences and technology; specifically, the conditions needed for uniqueness become more difficult to meet as the number of players increases. A new theorem for uniqueness with easily interpretable conditions is given which is independent of the number of players. Journal of Economic Literature Classification Numbers: C70, C72, D43.