Differentiable comparative statics with payoff functions not differentiable everywhere

Publication:
Differentiable comparative statics with payoff functions not differentiable everywhere

dc.affiliation.dpto	UC3M. Departamento de Economía	es
dc.contributor.author	Corchón, Luis C.
dc.date.accessioned	2009-03-12T11:32:10Z
dc.date.available	2009-03-12T11:32:10Z
dc.date.issued	2001
dc.description.abstract	In this note we consider Cournot oligopoly. Due to the consideration of several consumers and/ or technologies, the profit function is not differentiable everywhere. We show that Cournot equilibrium never occurs in outputs where profit functions are not-differentiable. This result validates the procedure of differentiating profit functions to perform comparative statics in models where profit functions are not differentiable everywhere.
dc.description.status	Publicado
dc.format.mimetype	application/pdf
dc.identifier.bibliographicCitation	Economics Letters. 2001, vol. 72, nº 3, p. 397-401
dc.identifier.doi	10.1016/S0165-1765(01)00442-6
dc.identifier.issn	0165-1765
dc.identifier.uri	https://hdl.handle.net/10016/3810
dc.language.iso	eng
dc.publisher	Elsevier
dc.relation.publisherversion	http://dx.doi.org/10.1016/S0165-1765(01)00442-6
dc.rights	& 2001 Elsevier Science B.V. All rights reserved.
dc.rights.accessRights	open access
dc.subject.eciencia	Economía
dc.subject.jel	L13
dc.subject.other	Comparative statics
dc.subject.other	Differentiability
dc.title	Differentiable comparative statics with payoff functions not differentiable everywhere
dc.type	research article	*
dc.type.review	PeerReviewed
dspace.entity.type	Publication

Now showing 1 - 1 of 1