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COURNOT MODEL - CHARACTERISTICS AND APPLICABILITY (Model Cournota - charakterystyki i mozliwosci zastosowania)

100%
Czerwonka L.
Pieniądze i Więź
|
2010
|
vol. 13
|
issue 1(46)
174-186
EN
The article presents Cournot model's features and characteristics and the possibility of its usage. The aim of the paper is to analyze the value of such variables as: output, price, revenue, profit in the Cournot equilibrium; depending on changes of such model's parameters as: number of firms, or value of cost function's parameters. Due to this analysis it should be easier to use the Cournot model for modeling economic processes.
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