Cournot Competition (n firms and plenty of calculus)
Published at : 29 Oct 2020
In this video I show how to solve for Cournot quantities among n competing firms. I start with very generalized functions and characterize the solution. Then I parameterize the functions to obtain an analytical solution. A brief discussion of when to use firm symmetry is also included. This is appropriate for any microeconomics course, so long as the students are comfortable with calculus.
quantityquantity competitionindustrial organization