Charles D Kolstad Lars Mathiesen (4 results)

Condition: New.

Hardback. Condition: New.

Paperback. Condition: New. Print on Demand. This book, a significant contribution to economic theory, explores the conditions under which a unique, stable equilibrium can be reached in a Cournot oligopoly market, where firms compete by setting quantities of output. The author, a leading expert in the field, provides a comprehensive analysis of the necessary and sufficient conditions for uniqueness, building on previous research and offering new insights. The book delves into the mathematical underpinnings of Cournot equilibrium, examining the properties of cost and demand functions and their impact on market outcomes. The author demonstrates that when certain conditions are met, such as the determinant of the Jacobian of marginal profits being positive, a unique equilibrium can be guaranteed. These findings have important implications for understanding the behavior of firms in oligopolistic markets and for predicting market outcomes. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…

Hardback. Condition: New.