2005•Journal of Jianghan UniversityRequires access

Application of Cournot Model

DU Dian-chu

Abstract

Introduces two kinds of Cournot models under complete and incomplete information of game theory, and its extension Stackelberg model. Gives out the solutions and common results of the first and the third model. Using examples to illustrate the applications of each model among enterprises, through analysis of comparison, points out the different results from different model and its significance to enconomy.

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Available abstract

Key concepts: Cournot competition, Stackelberg competition, Extension (predicate logic), Mathematical economics, Game theory, Complete information, Computer science, Mathematics