Cournot Oligopoly: Characterization and Applications »

This volume focuses on the properties and uses of Cournot's model of competition among the few.

Preface; Part

1. Introduction:

1. Introduction, purpose, and overview Andrew F. Daughety;

Part II. Background:
2. Of the competition of producers Augustin Cournot (translation by Nathanial T. Bacon);
3. Review of Walras's Théorie mathématique de la richesse sociale and Cournot's Reserches sur les principles mathématiques de la théorie des richesses Joseph Bertrand (translation by James W. Friedman);
4. Non-cooperative games John Nash;

Part III. Examining Cournot's Model:
5. On the existence of Cournot equilibrium William Novshek;
6. Collusive behavior in non-cooperative epsilon-equilibria of oligopolies with long but finite lives Roy Radner;
7. A non-cooperative equilibrium for supergames James W. Friedman;
8. Reconsidering Cournot: the Cournot equilibrium is consistent Andrew F. Daughety;
9. An experimental test of the consistent-conjectures hypothesis Charles A. Holt;
10. Quantity precommitment and Bertrand competition yield Cournot outcomes David M. Kreps and José A. Scheinkman;
11. On the efficiency of Bertrand and Cournot equilibria with product differentiation Xavier Vives;
12. Price competition vs. quantity competition: the role of uncertainty Paul Klemperer and Margaret Meyer;

Part IV. Applications:
13. Cournot and Walras equilibrium William Novshek and Hugo Sonnenschein;
14. Duopoly information equilibrium: Cournot and Bertrand Xavier Vives;
15. Information transmission - Cournot and Bertrand equilibria Esther Gal-Or;
16. Uncertainty resolution, private information aggregation, and the Cournot competitive limit Thomas R. Palfrey;
17.Losses from horizontal merger: the effects of an exogenous change in industry structure on Cournot-Nash equilibrium Stephen W. Salant, Sheldon Switzer, and Robert J. Reynolds;
18. Delegation and the theory of the firm John Vickers;
19. A study of cartel stability: the Joint Executive Committee, 1880-1886 Robert H. Porter;
20. Oligopoly and financial structure: the limited liability effect James A. Brander and Tracy R. Lewis.