RT Journal Article
T1 Differentiable comparative statics with payoff functions not differentiable everywhere
A1 Corchón, Luis C.
AB 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 neveroccurs 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 notdifferentiable everywhere.
PB Elsevier
SN 0165-1765
YR 2001
FD 2001
LK https://hdl.handle.net/10016/3810
UL https://hdl.handle.net/10016/3810
LA eng
DS e-Archivo
RD 1 may. 2024