A Nash–Cournot model for oligopolistic markets with concave cost functions and a differentiated commodity is analyzed. Equilibrium states are characterized through Ky Fan inequalities. Relying on the minimization of a suitable merit function, a general algorithmic scheme for solving them is provided. Two concrete algorithms are therefore designed that converge under suitable convexity and monotonicity assumptions. The results of some numerical tests on randomly generated markets are also reported.
Bigi, G., Passacantando, M. (2017). Differentiated oligopolistic markets with concave cost functions via Ky Fan inequalities. DECISIONS IN ECONOMICS AND FINANCE, 40(1-2), 63-79 [10.1007/s10203-017-0187-7].
Differentiated oligopolistic markets with concave cost functions via Ky Fan inequalities
Passacantando, M
2017
Abstract
A Nash–Cournot model for oligopolistic markets with concave cost functions and a differentiated commodity is analyzed. Equilibrium states are characterized through Ky Fan inequalities. Relying on the minimization of a suitable merit function, a general algorithmic scheme for solving them is provided. Two concrete algorithms are therefore designed that converge under suitable convexity and monotonicity assumptions. The results of some numerical tests on randomly generated markets are also reported.
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