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https://doi.org/10.1016/j.chaos.2012.05.007
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Cite Journal: Chaos, Solitons & Fractals |  Publication Date: Jul 20, 2012 |
 Citations: 15 |
Affiliation: Technical University of Ostrava
In this paper a Cournot-like model is constructed with an iso-elastic demand function for n competitors. The Cournot equilibrium is constructed for general constant unit costs. Finally, it is proved that for identical unit costs the Cournot point is a sink for two or three competitors and a saddle for more than four players.
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