English, Article, Journal or magazine article edition: Cournot Competition on a Network of Markets and Firms Rahmi Ilkiliç

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Bookmark: http://trove.nla.gov.au/version/24097
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Cournot Competition on a Network of Markets and Firms
Author
  • Rahmi Ilkiliç
Physical Description
  • preprint
Notes
  • Suppose markets and firms are connected in a bi-partite network, where firms can only supply to the markets they are connected to. Firms compete a la Cournot and decide how much to supply to each market they have a link with. We assume that markets have linear demand functions and firms have convex quadratic cost functions. We show there exists a unique equilibrium in any given network of firms and markets. We provide a formula which expresses the quantities at an equilibrium as a function of a network centrality measure.
  • Cournot Markets, Networks, Nash Equilibrium, Centrality Measures
  • RePEc:fem:femwpa:2009.32
Language
  • English
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