Manifolds of multi-leader Cournot equilibria |
| |
| Authors: | Andreas Ehrenmann |
| |
| Affiliation: | Judge Institute of Management, University of Cambridge, Trumpington Street, Cambridge CB2 1AG, UK |
| |
| Abstract: | We show that the known uniqueness results for leader-follower Cournot games with multiple but identical leaders hinge on the tacit assumption that identical leaders make identical decisions. We illustrate that without this assumption multi-leader Cournot games may well possess nontrivial manifolds of equilibria and discuss the underlying reasons. |
| |
| Keywords: | Multiple leader follower games Non-uniqueness of equilibria |
| 本文献已被 ScienceDirect 等数据库收录！ |
