A family of oligopolies that possess a unique equilibrium was identified in the second authors doctoral dissertation. For such a family, it is therein specified a class of functions-economically related to the price function of a Cournot oligopoly – that satisfy a particular type of quasiconcavity. The first part of the present article (i) conceptualizes that type of quasi-concavity by introducing the notion of demi-concavity, (ii) considers two possible variants and (iii) provides some calculus properties. The second part, by relying on the results on demi-concavity, proves a Cournot equilibrium uniqueness theorem which is new for the journal literature and subsumes various results thereof. A third part shows an example that illustrates the novelty of the result.
Cournot equilibrium uniqueness via demi-concavity / Federico Quartieri; Pierre von Mouche. - In: OPTIMIZATION. - ISSN 0233-1934. - ELETTRONICO. - 67:(2018), pp. 441-455. [10.1080/02331934.2017.1405954]
Cournot equilibrium uniqueness via demi-concavity
Federico Quartieri;
2018
Abstract
A family of oligopolies that possess a unique equilibrium was identified in the second authors doctoral dissertation. For such a family, it is therein specified a class of functions-economically related to the price function of a Cournot oligopoly – that satisfy a particular type of quasiconcavity. The first part of the present article (i) conceptualizes that type of quasi-concavity by introducing the notion of demi-concavity, (ii) considers two possible variants and (iii) provides some calculus properties. The second part, by relying on the results on demi-concavity, proves a Cournot equilibrium uniqueness theorem which is new for the journal literature and subsumes various results thereof. A third part shows an example that illustrates the novelty of the result.I documenti in FLORE sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.