Cournot Oligopoly: Characterization and Applications by Andrew F. Daughety

By Andrew F. Daughety

Celebrating the one hundred and fiftieth anniversary of Cournot's paintings, which Mark Blaug has characterised as "..a booklet that for sheer originality and boldness of belief has no equivalent within the heritage of economics thought," this quantity makes a speciality of the houses and makes use of of Cournot's version of pageant one of the few. whereas there are lots of matters that Cournot explored in researches into the mathematical ideas of the speculation of wealth, the subject that he's so much with ease linked with--and which now's additionally having fun with a revival--is his version of oligopolistic interplay between agencies. This revivial of curiosity in Cournot's version is due mostly to elevated emphasis through economists on taking pictures parts of imperfect pageant and strategic habit.

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