Skip to Main content Skip to Navigation
Journal articles

Cournot competition and endogenous firm size

Abstract : The paper studies the dynamics of firm size in a repeated Cournot game with unknown demand function. We model the firm as a type of artificial neural network. Each period it must learn to map environmental signals to both a demand parameter and its rival’s output choice. However, this learning game is in the background, as we focus on the endogenous adjustment of network size. We investigate the long-run evolution of firm/network size as a function of profits, rival’s size, and the type of adjustment rules used.
Document type :
Journal articles
Complete list of metadata

https://hal-sciencespo.archives-ouvertes.fr/hal-03417080
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Friday, November 5, 2021 - 2:53:14 PM
Last modification on : Saturday, November 6, 2021 - 3:54:02 AM

Identifiers

  • HAL Id : hal-03417080, version 1
  • SCIENCESPO : 2441/9854

Collections

Citation

Francesco Saraceno, Jason Barr. Cournot competition and endogenous firm size. Journal of Evolutionary Economics, Springer Verlag (Germany), 2008, 18 (5), pp.615 - 638. ⟨hal-03417080⟩

Share

Metrics

Record views

15